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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Motion Picture Academy Issues $98.8 Million Offering to Refinance Debt
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variety.comDave McNary Film ReporterThe Academy of Motion Picture Arts and Sciences has issued $98.8 million in new debt in order to provide it with the funds to refinance $128 million in existing bonds that will come due in November.An AMPAS spokeswoman said Thursday that the Academy issued a new bond offering on June 17, the purpose of which was the refinance its Series 2015B bonds.
The new bonds mature on Nov. 1, 2029.“We strategically issued the bonds now so we can refinance immediately upon closing and avoid unnecessary interest fees,” the spokeswoman said.
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