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Published on 8/22/2016 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

DreamWorks to redeem $300 million 6 7/8% notes due 2020 on Sept. 21

By Wendy Van Sickle

Columbus, Ohio, Aug. 22 – DreamWorks Animation SKG, Inc. called its $300 million of outstanding 6 7/8% notes due 2020 for redemption on Sept. 21, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 105.156 plus accrued interest to, but excluding, the redemption date. The company issued the redemption notice Monday in connection with the consummation of its acquisition by Comcast Corp.

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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