Mood Media to be bought by Apollo and GSO-led group, will relocate
Mood Media Corp (TSX: MM) has agreed to be acquired by a group of stakeholders, including Apollo Global Management and Blackstone Group's GSO Capital Partners. The deal will see all of the Mood's common shares acquired for $0.17 per share. The company’s US$350 million in senior unsecured notes will also be exchanged for consideration, per US$1,000 principal amount, and its US$250 million credit facility will be refinanced with a new US$315 million facility provided by HPS Investment Partners. The deal will also see Mood, formerly known as Fluid Music Canada Inc, to de-list and re-domicile from Canada to Delaware. Mood is an in-store music, visual and scent media specialist.
13 April 2017•10 mins read
