IronHorse Restructures with $25 Million
August 24, 2004
Filed under Features
American IronHorse Motorcycle Co. recently announced the completion of a $25 million financial re-structuring. Although officials at AIH declined to go into details, they revealed that Xponential Advisors Inc., a subsidiary of Xponential Inc. (Nasdaq: XPOI), which has executive management control, has converted $10.5 million of debt to equity, paid down over $7 million of debt, and raised $8 million of equity.
AIH recently tapped William (Wil) G. Garland as CEO (See the Aug. 16 issue of Powersports Business magazine). Garland is expected to share his vision for the company with a formal presentation at the upcoming annual American IronHorse Dealer Meeting, Sept. 12-14 at The Worthington Hotel in Fort Worth.