DHX Media sets redemption price for 5 7/8 notes with 5.984% premium

By Wendy Van Sickle

Columbus, Ohio, July 6 – DHX Media Ltd. set the redemption price for its C$225 million of 5 7/8% senior unsecured notes due Dec. 2, 2022 at C$1,066.12 per C$1,000 principal amount, according to a press release.

The price per C$1,000 principal amount includes an applicable premium of C$59.84 and accrued and unpaid interest to, but excluding, the redemption date, of C$6.28.

The notes will be redeemed on July 11, as reported on June 7.

The company said the conditions to the redemption have been met. Those conditions included completing the acquisition of the entertainment division of Iconix Brand Group Inc., which includes both an 80% controlling interest in Peanuts and 100% of Strawberry Shortcake, and the closing and funding of some debt financing facilities in connection with the acquisition.

DHX is a Halifax, N.S.-based media production, distribution and broadcasting company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.