Mood Media to pay down credit facilities via $350 million offering

By Ashley Montgomery

Kansas City, Kan., Oct. 9 - Mood Media Corp. plans to use the proceeds from its $350 million offering of senior unsecured notes to repay its credit facilities, according to a company news release.

Mood Media said it would repay first-lien credit facility borrowings and fully repay its second-lien credit facility.

The company also plans to use the offering proceeds for a proposed acquisition and general corporate purposes.

The notes will be offered to qualified institutional buyers on a private placement basis.

Mood Media is a Toronto-based in-store media specialist.

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