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Production Resource Raises $400M

Entertainment technology company, Production Resource Group, has raised $400 million in a sale of notes.

Entertainment technology company, Production Resource Group, has raised $400 million in a sale of notes, Reuters reports. The senior notes were sold in the 144a private placement market.

The company named Bank of America Merrill Lynch, Goldman Sachs, Barclays, Deutsche Bank and Wells Fargo as the joint bookrunning managers for the deal. The notes carry a coupon rate of 8.875%, and are scheduled to mature on May 1, 2019.

Click here for the story from Reuters.

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