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Oct. 16, 2012 /PRNewswire/ - Mood Media Corporation (ISIN: CA61534J1057) (TSX:MM / LSE AIM:MM ("Mood Media" or the "Company"), announced today that it has priced its previously announced offering of approximately
US$350 million aggregate principal amount of senior unsecured notes by way of private placement (the "Notes"). The Notes will be due
October 15, 2020 and will bear interest at an annual rate of 9.25%. Mood Media expects to close the offering of the Notes on or about
October 19, 2012.
The Notes will be offered and sold to qualified institutional buyers in
the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and outside
the United States in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or any state securities laws, and may not be offered or sold in
the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
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.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes in any jurisdiction, nor shall there be any sale of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration and qualification under the securities laws of any such jurisdiction.
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM) is a leading in-store media specialist that uses a mix of music, visual and scent media to help its clients communicate with consumers with a view to driving incremental sales at the point-of-purchase.