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EP Global revises convertible debentures
By Devika Patel
Knoxville, Tenn., Jan. 13 - EP Global Communications, Inc. amended the terms of the secured convertible debentures it sold in a September 2005 private placement, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The old notes were to have matured on Sept. 23, 2008.
The new notes will be due on Nov. 14, 2011 and have an interest rate of 6% per annum, lowered from 8%. The discount on the new notes is 12% and 20%, reduced from 40% and 60%, respectively.
Based in Johnstown, Pa., EP Global is a publishing and communications company focused on families of children with special needs.
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