SESAC To Sell Bonds
August 8, 2012 at 1:09 PM (PT)
The WALLSTREET JOURNAL reports that NASHVILLE-based SESAC is preparing to release $300 million worth of bonds for sale. The bonds will be backed by the money that SESAC receives to publicly broadcast music and various performances. The proceeds of the bonds will be used to pay shareholder dividends and to refinance SESAC’s existing debt.
This is only the fourth time SESAC has ever issued bonds within the company’s 82-year history. The bonds will only be available to investors or individuals that have investable assets of $100 million or more.
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To learn more about SESAC, visit www.SESAC.com