Business
DHX Media Announces Pricing of Additional Senior Unsecured Notes
DHX Media Announces Pricing of Additional Senior Unsecured Notes DHX Media Announc...
About this update from Wildbrain Ltd.
[{"type":"text","content":"\n\n\n\nDHX Media Announces Pricing of Additional Senior Unsecured Notes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDHX Media Announces Pricing of Additional Senior Unsecured Notes\nCanada NewsWire\nHALIFAX, May 10, 2016\n\n\n\nHALIFAX, May 10, 2016 /CNW/ - DHX Media Ltd. (\"DHX\" or the \"Company\") (NASDAQ: DHXM; TSX: DHX.A, DHX.B), the world's leading independent, pure-play kids' content company, announced today that it has priced its previously announced private offering (the \"Offering\") of an additional C$50 million aggregate principal amount of its 5.875% senior unsecured notes due December 2, 2021 (the \"Notes\"). The Notes will be issued at C$975 per C$1,000.00 principal amount, plus accrued interest from and including December 2, 2015 to the delivery of the Notes.\n\nThe Offering is being underwritten by RBC Capital Markets and Scotiabank, as joint bookrunning managers, in a syndicate that includes Canaccord Genuity, CIBC Capital Markets, TD Securities, BMO Capital Markets, Credit Suisse, GMP Securities, HSBC, and National Bank Financial Markets.\n\nThe Notes will be offered on a private placement in Canada under available prospectus exemptions. The Notes will also be offered in the United States to qualified institutional buyers under Rule 144A under the United States Securities Act of 1933, as amended (the \"Securities Act\"), and outside the United States to non U.S. persons as defined in and in accordance with Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.\n\nThe Offering is expected to close on or about May 13, 2016, subject to customary closing conditions.\n\nDHX intends to use the net proceeds from the Offering, after deducting underwriting fees and estimated offering expenses, to repay indebtedness under its existing senior secured credit facilities.\n\nThis news release does not constitute an off...