Mood Media Corporation (TSX:MM / LSE AIM:MM) announced that its unsecured notes for its recently announced USD 350 million fund raise [1] will bear interest at an annual rate of 9.25%.
Mood Media intends to use the net proceeds of the private placement to repay existing indebtedness under its first-lien credit facility, repay its second lien credit facility in its entirety, finance a proposed acquisition and for general corporate purposes.