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comScore closes investment transactions involving convertibles
Chicago, March 10 – comScore, Inc. closed on its investment transaction with Charter Communications, Qurate Retail and an affiliate of Cerberus Capital Management, according to a press release.
The three investors made a cash investment in exchange for shares of convertible preferred stock.
Proceeds from the investment were used to repay and extinguish the senior secured convertible notes held by affiliates of Starboard Value LP.
The company, with the cash investment, also repaid its foreign secured term note.
Goldman Sachs & Co. LLC and Evercore were financial advisers on the transaction.
Vinson & Elkins LLP was legal counsel to comScore.
Kirkland & Ellis LLP served as legal counsel to Charter, Baker Botts LLP served as legal counsel to Qurate, and Davis Polk & Wardwell LLP served as legal counsel to Cerberus.
comScore is an internet marketing research company based in Reston, Va.
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