Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Parana > News item |
Stagwell to reduce credit facility borrowings with note proceeds
By Marisa Wong
Los Angeles, Aug. 10 – Stagwell Inc. intends to reduce credit facility borrowings using proceeds from an offering of new senior notes, according to a news release.
Proceeds from the new notes will also be used to redeem all of Stagwell’s outstanding 7˝% senior notes due 2024 and for general corporate purposes.
The marketing services company is based in New York.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.