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Tags: bonds | DreamWorks | movie | studio

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

Monday, 05 August 2013 10:08 AM EDT

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 2022 Bloomberg News. All rights reserved.


FinanceNews
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.
bonds,DreamWorks,movie,studio
118
2013-08-05
Monday, 05 August 2013 10:08 AM
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