Loop Media (LPTV) Strengthens Balance Sheet

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Go back to Loop Media (LPTV) Strengthens Balance Sheet

Loop Media Strengthens Balance Sheet

September 13, 2023 8:00 AM EDT

Conversion of significant debt to equity and extension of short-term note delivers significantly improved debt position for the company as it looks forward to the year ahead

GLENDALE, Calif.--(BUSINESS WIRE)-- Loop Media, Inc. (NYSE American: LPTV) (Loop Media), the free streaming television media company for businesses which provides over 2 billion video views every month via restaurants, retail businesses, office buildings, doctors offices, airports, bars and college campuses, has converted approximately $4.4 million of short-term debt and accrued interest into 6,005,487 shares of Loop Media common stock, at a... More