city Santa Monica film reports 2020 city Santa Monica

Lionsgate to Raise $1 Billion Through Bond Sale to Repay Debt

Reading now: 635
thewrap.com

SEC filing on Tuesday.A subsidiary company of the Santa Monica-based studio, Lions Gate Capital Holdings LLC, will offer up to $1 billion in senior notes via a private placement.The proceeds from that bond sale, together with other cash on hand, will go to redeem 6.375% of senior notes due 2024 and 5.875% of senior notes due 2024, as well as to pay fees and expenses related to the offering of the notes.Also Read: Lionsgate's Female Director Problem: Only One Film Since 2016 - and None Set for This YearThis latest debt raise from Lionsgate comes as the studio is hoping to grow the global reach of Starz and after the studio restructured its film group back in December.As part of its Q3 forecast, Lionsgate beat Wall Street estimates in its.

Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA