DreamWorks Plans to Sell $300 Million of Bonds to Repay Revolver

Monday, 05 Aug 2013 10:08 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

DreamWorks Animation SKG Inc. plans to sell $300 million of bonds as the independent film studio run by Jeffrey Katzenberg seeks to repay loans under its revolving credit facility.

With $200 million outstanding on its revolver as of June 30, according to an Aug. 1 regulatory filing, the studio that made “Shrek” a household name may have remaining funds from the offering of seven-year securities to finance acquisitions or stock buybacks. The Glendale, California-based company, which currently doesn’t have any bonds, announced the offering today in a statement.

The new bonds may be rated Ba3 by Moody’s Investors Service, according to a person with knowledge of the offering who asked not to be identified because terms aren’t set.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved