Eco Innovation retires remaining variable-rate convertible debt

By Marisa Wong

Los Angeles, Sept. 21 – Eco Innovation Group, Inc. said it has now retired all remaining outstanding variable-rate convertible debt from its balance sheet.

This preemptive step follows similar steps taken over the summer as well as the company’s pledge to retire remaining convertible notes and pursue non-dilutive future financing strategies, according to a press release.

The company said it is now utilizing financing strategies that avoid toxic elements as it prepares for upcoming commercial product launches in the green technology space.

The Van Nuys, Calif.-based incubator company aggregates investments in new technologies that promote environmental and social wellbeing and the advancement of green energy solutions.

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