NetworkNewsBreaks – Genius Brands International, Inc. (NASDAQ: GNUS) Announces “Win-Win” Solution to Retire All Senior Secured Convertible Debt
Genius Brands International (NASDAQ: GNUS), a global brand management company that creates, licenses and broadcasts multimedia entertainment content for children, today announced that it has come to an agreement with all of its existing senior secured convertible noteholders to have the noteholders pre-pay their Notes for an aggregate of $4 million, three months early and then have the noteholders convert all of their $13.75 million of debt to equity. “This is a win-win for all parties. The Company today is debt free and holding $55 million in cash,” Andy Heyward, Chairman and CEO of Genius Brands, stated in the news…







