Enable gets extension on $2.45 million debenture

By Devika Patel

Knoxville, Tenn., Jan. 20 - Enable Holdings, Inc. said it received extensions from investors who participated in a $2.45 million private placement of a 90-day 18% senior secured debenture that settled in tranches on Oct. 14, Oct. 31 and Nov. 21.

The extension pushes back the repayment date another 90 days, allowing the company time to pursue additional long-term financing to support operations through 2009 and beyond.

Based in Chicago, Enable operates an online marketplace.

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