BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Is EMI a salvageable investment - for anyone tied into the deal?
Private equity owner Terra Firma has been seeking outside help to
figure out its colossally leveraged mess, according to several
financial reports. The Wall Street Journal and Financial Times are both pointing to a fresh advisory role involving rival Blackstone Group, particularly for senior managing
director John Studzinski. The aim is to figure out a way to pay down,
refinance, or otherwise manage a £2.6 billion ($4.26 billion) debt from
megabank Citigroup.
JP Morgan Chase is also part of advisory group, and a bond offering similar to the recent Warner Music Group offering is reportedly under consideration. The oversubscribed offering helped to extend a tranche of loans for Warner, though it was also fueled by some unexpectedly positive analyst comments.
The latest development follows a reported offer by Terra Firma head Guy Hands to inject £300 million into the label. In turn, Citigroup was asked to write down parts of the Terra loan.
Comments Closed
OUR SPONSORS
© 2011 All Rights Reserved
Follow Us