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Article: DualStar Reaches Agreement in Principle with Senior Lender to Exchange Debt for Real Estate, ParaComm Assets & Common Stock.
- Article from:
- Business Wire
- Article date:
- June 17, 2003
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Business Editors/Real Estate Writers
NEW YORK--(BUSINESS WIRE)--June 17, 2003
DualStar Technologies Corporation (OTCBB: DSTR) (the "Company") announced today an agreement in principle with its senior lender, Madeleine, L.L.C., whereby Madeleine would exchange all of the outstanding principal and accrued interest with respect to the senior secured indebtedness owed by the Company to Madeleine for the Company's interests in certain real estate and certain private cable television assets and for common equity of the Company.
The outstanding principal and accrued interest with respect to the senior secured indebtedness currently owed by the Company ...