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Friendfinder pays down $9.8 million first-lien, second-lien notes
By Melissa Kory
Cleveland, June 6 - Friendfinder Networks, Inc. said it paid down $9.3 million of its first-lien notes and $500,000 of its cash pay second-lien notes on May 4.
The company paid down $14.1 million of its first-lien notes and $600,000 of its cash pay second-lien notes in the first quarter ended March 31.
Subsequent to the initial public offering of common stock completed on May 11, the company repaid $39 million of new first-lien notes and $1.8 million of cash pay second-lien notes at a redemption price of 110.
As of June 6, $243.8 million of the first-lien notes, $11 million of the cash pay second-lien notes and $237.2 million of the non-cash pay second-lien notes remain outstanding.
Friendfinder is an internet-based social networking and multimedia entertainment company based in Boca Raton, Fla.
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