Mood Media Notes At 9.25%

Mood Media Corporation (TSX:MM / LSE AIM:MM) announced that its unsecured notes for its recently announced USD 350 million fund raise will bear interest at an annual rate of 9.25%.

Mood Media intends to use the net proceeds of the private placement to repay existing indebtedness under its first-lien credit facility, repay its second lien credit facility in its entirety, finance a proposed acquisition and for general corporate purposes.

Posted by Adrian J Cotterill, Editor-in-Chief on 22 October 2012.

Categories: Scuttlebut

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