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.

© 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.