TITLE

Gallery Seeks to Turn Debt Into Stock

AUTHOR(S)
Gruenwedel, Erik
PUB. DATE
September 2008
SOURCE
Home Media Magazine;9/14/2008, Vol. 30 Issue 37, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the plan of digital videodisc (DVD) rental company Movie Gallery and private equity firm Sopris Capital Advisors to convert up to $205 million of first lien debt into common stock. Under the deal, Sopris would receive Gallery common stock valued at $10 per share. Sopris owns much of the rental company's pre-bankruptcy debt.
ACCESSION #
34426543

 

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