U.S. Spanish-language entertainment company, LBI Media, has raised $220 million in a sale of senior notes. The bonds, which carry a coupon rate of 9.25%, will mature on April 15, 2019. The securities were sold in the 144A private placement market and will be guaranteed by subsidiaries of LBI Media Holdings. The joint book-running managers for the sale were Credit Suisse, Macquarie and Wells Fargo, adds Reuters.
Click here for the release from PR Newswire.
Click here for additional coverage from Reuters.