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Article: Alpha Media Group Reports Recapitalization
- Article from:
- Wireless News
- Article date:
- July 22, 2009
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Wireless News
07-22-2009
Alpha Media Group Reports Recapitalization
Type: News
Alpha Media Group (AMG), publisher of Maxim, announced a recapitalization of its balance sheet, including a debt-to-equity conversion, which will reduce the company's debt and improve its capital structure.
The recapitalization is a result of Alpha Media Group's ongoing efforts to restructure and strengthen the company's operations and improve future revenue growth and profitability.
Stephen Duggan, Alpha Media Group CEO, said, "We are extremely pleased to announce the recapitalization which will reduce our company's legacy debt load--it is an important step that will further strengthen our position as a leading ...