International Spirits holders amend note terms, extend part to 2019

By Susanna Moon

Chicago, Feb. 27 – International Spirits and Beverage Group Inc. said that some of its noteholders have agreed to extend their notes until 2019 while others “have forgiven their notes completely.”

“Letters declaring the various amendments to these notes were forwarded to the company hired to do the corporate valuation, one of the vital closing steps to completing the audit,” according to a company announcement.

The company said it continues to strengthen its balance sheet through amendments to note terms held by debtholders.

“We are taking the necessary steps in securing a brighter future for this company and its shareholders,” ISBG’s president and chairman Alonzo Pierce said in the company’s press release.

“These actions will surely help pave the way for us to soar on the wings of our brands.”

ISBG is a Las Vegas-based alcoholic beverage company.

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