Mood Media Debentures MM.DB.U

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randomwalker
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Mood Media Debentures MM.DB.U

Post by randomwalker »

Picked up some Mood Media Debentures a little while ago as a speculation play. Issued back in October 2010 with a coupon of 10% and due October 31, 2015 currently trading at $92. My speculation is that now that Mood has access to cheaper debt they aim to pay off the debenture early.

http://www.moodmedia.com/news-investor- ... =2014&url=

In April 2013 the company announced it was looking at "options to enhance shareholder value, including the potential sale of the company."

http://www.cantechletter.com/2013/04/mo ... -sale0404/

"Activist" hedge fund Arbiter Partners Capital Management, LLC now owns 17.89% of the shares and about $2.9 million of the debentures and now has a couple of people sitting on the board.

http://www.moodmedia.com/news-investor- ... s-Nominees

Mood Media will host a conference call on 15 August 2014 to discuss second quarter results.

http://www.moodmedia.com/news-investor- ... =2014&url=
randomwalker
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Re: Mood Media Debentures MM.DB.U

Post by randomwalker »

Mood Media Corporation Announces Closing of US$50M Private Placement of Mood Media Group Notes
Proceeds to be Used to Repay Existing Convertible Debentures at October 31, 2015 Maturity

"TORONTO, Ontario, August 6, 2015 – Mood Media Corporation (“Mood Media”, “Mood” or the “Company”) (TSX:MM), is pleased to announce today the closing of its previously announced financing transaction of US$50 million aggregate principal amount of 10% Senior Unsecured Notes due September 18, 2023...The net proceeds from the Private Placement will be used to repay Mood Media’s Convertible Debentures at maturity."

http://www.moodmedia.com/news-company-s ... roup-Notes
randomwalker
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Re: Mood Media Debentures MM.DB.U

Post by randomwalker »

ps some people only talk about their winners. Full disclosure I also had a debenture, Ivanhoe energy go to zero this year.
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