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Debt Deals

Internet TV Firm Brightcove Raises $5 Million in Debt

Authored by Mark Hefflinger on September 22, 2006 - 11:17am.
Cambridge, Mass. - Brightcove, a provider of Internet broadband content delivery technology, has raised a $5 million loan from a group led by GE's Global Media & Communications finance unit. Founded in 2004 by Jeremy Allaire, previously a technologist and entrepreneur-in-residence for the venture capital firm General Catalyst, Cambridge, Mass.-based Brightcove offers an open Internet TV service that allows video producers and programmers to build broadband businesses.
tags: Deals | Video | Broadband | Debt Deals | IPTV | Brightcove |

NeoMedia Kills HipCricket Deal, Raises $5 Million

Authored by Mark Hefflinger on August 31, 2006 - 5:22pm.
Fort Myers, Fla. - NeoMedia Technologies, a diversified technology company, announced that it has terminated its $4.5 million deal to acquire HipCricket, a Connecticut-based provider of mobile marketing technology to broadcasters and brand marketers.
tags: Deals | Mobile | Marketing | Debt Deals | Mobile Marketing | NeoMedia | HipCricket |

Christie/AIX Gets $217 Million Loan to Convert 4,000 Theaters to Digital

Authored by Mark Hefflinger on August 2, 2006 - 1:33pm.
Norwalk, Conn. - Access Integrated Technologies, the parent company of digital cinema firm Christie/AIX, announced on Wednesday that it has closed a $217 million senior credit facility from GE Commercial Finance - Global Media & Communications. Proceeds will be used for Christie/AIX's nationwide conversion of 4,000 movie theater screens to a digital format. The company has already converted over 600 screens for six different movie exhibitors, and expects to complete the full rollout in 2007.
tags: Deals | Video | Digital Cinema | Movies | Investing | Debt Deals | Theaters | Christie/AIX | Loans |

InterSearch Raises $7 Million in Debt Financing

Authored by Mark Hefflinger on July 24, 2006 - 6:19pm.
San Francisco - InterSearch Group, a San Francisco-based provider of Internet search services and operator of industry-specific destination portals, said on Monday that it has raised $7 million in debt financing.
tags: Deals | Internet | Internet Deals | Investing | Debt Deals | Search | Financing | InterSearch |

Midway Games to Sell $75 Million in Convertible Notes

Authored by Mark Hefflinger on May 24, 2006 - 7:14pm.
Chicago - Midway Games announced on Wednesday that it will raise $75 million through the sale of 20-year convertible notes.
tags: Games | Deals | Investing | Debt Deals | Midway Games |

Web-based Gambling Developer GameLogic Raises $3 Million

Authored by dmw on May 18, 2006 - 12:24pm.
Palo Alto, Calif. - GameLogic, a developer of online gaming technologies for casino and lottery operators, announced on Thursday that it has received $3 million in debt financing from Hercules Technology Growth Capital. Founded in 2002, Massachusetts-based GameLogic develops virtual-play gaming entertainment platforms that let players gamble away from the casino, and marketing software that maintains relations between visits. The company says that its Web-based gaming applications are specifically designed to adhere to all U.S. federal and state regulations.
tags: Games | Deals | Law | Gambling | Debt Deals | GameLogic | Games Tech |

Memory Card Maker SanDisk Prices $1 Billion Notes Offering

Authored by dmw on May 10, 2006 - 3:58am.
Sunnyvale, Calif. - SanDisk, a maker of flash memory data storage products, said on Wednesday that it has priced its $1 billion notes offering, which the company first announced earlier this week. The senior notes, due in 2013, will be convertible at a rate of about 12.1 shares for every $1,000 principal amount. The company said that it will use a portion of the proceeds for capital expenditures, including new and existing manufacturing facilities, as well as the development of new technologies. Sunnyvale, Calif.-based SanDisk makes memory cards used in portable media players, and also manufactures its own line of MP3 players.
tags: Deals | Tech | CE | Debt Deals | Storage | SanDisk | Memory |

XM Satellite Radio Closes $800 Million Debt Offering

Authored by dmw on May 1, 2006 - 7:15pm.
Washington - XM Satellite Radio, a provider of satellite radio service to more than 6.5 million subscribers, said on Monday that it has raised $800 million through a debt offering first announced two weeks ago. The company said that it sold $200 million in senior notes due in 2013 and another $600 million due in 2014 to institutional buyers, using the proceeds to retire debt scheduled to mature in 2009 and 2010. The moves are expected to lower the company's interest costs and extend the maturity dates of its debt portfolio. Separately, XM also said that it expects its new $250 million revolving credit facility to close shortly.
tags: Deals | XM Radio | Investing | Debt Deals |

Digital Content Marketplace a21 Raises $15.5 million in Private Placement

Authored by dmw on May 1, 2006 - 7:00pm.
Jacksonville, Fla. - a21, an online digital content marketplace for creative professionals, announced that it has raised $15.5 million in convertible debt with a group of institutional and accredited investors. The company said that it expects to use the proceeds to repay existing debt, to provide working capital, and for acquisitions and expansion. StarVest Partners, which invested $5 million in the deal with a21, led the deal, which also included Morgan Stanley.
tags: Deals | Commerce | Debt Deals | a21 | StarVest |

XM Satellite Radio to Raise $600 Million Through Debt Offering

Authored by dmw on April 17, 2006 - 8:57am.
Washington - XM Satellite Radio, a provider of satellite radio services with more than 6.5 million subscribers, said on Monday that it plans to raise $600 million in debt. Specifically the company is planning to sell senior notes due in 2013 and 2014 to institutional buyers, using the proceeds to retire debt scheduled to mature in 2009 and 2010. XM said that the moves will simplify its capital structure, as well as lower its ongoing interest costs and extend the maturity dates of its debt portfolio.
tags: Deals | Radio | Satellite Radio | XM Radio | Investing | Debt Deals |