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DreamWorks intends to sell $300 million senior notes due 2020
By Aleesia Forni
Virginia Beach, Va., Aug. 5 - DreamWorks Animation SKG, Inc. plans to sell $300 million senior notes due 2020, according to an 8-K filing with the Securities and Exchange Commission.
Proceeds from the Rule 144A and Regulation S deal will be used to prepay the outstanding loans under its credit facility and for general corporate purposes, which may include acquisitions and repurchases of the company's common stock.
DreamWorks is a Glendale, Calif.-based creator of computer-generated animated feature films, television specials and series, live entertainment properties and online virtual worlds.
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