Report: Sanctuary Group Considers New Share Issue To Lower Debt
December 5, 2005 at 11:23 AM (PT)
UK music management business and record label SANCTUARY GROUP is considering a new share issue as a means of lowering its debt level, reports the BBC. The company's board has said it was "actively exploring" a number of options for the medium and long-term financing, including "a significant equity fund raising," which other press reports suggest could bring the struggling company about £100m.
According to the report, SANCTUARY also said it was in "active discussions" to sell its music publishing and studios businesses.
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