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Cineplex sells blowout bond deal as investors bet on recovery


Cineplex sells blowout bond deal as investors bet on recovery
Esteban Duarte, Bloomberg News
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Cineplex Inc. sold its $250 million sale of unrated bonds at a lower yield than previously offered after seeing strong demand from investors seeking to play the economic recovery trade.
Canada’s largest chain of movie theaters priced the second-lien secured senior notes due 2026 to yield 7.5 per cent, according to people familiar with the matter. That compares with an earlier guidance between 7.5 per cent and 7.75 per cent and preliminary discussions with investors Thursday for 8 per cent to 8.25 per cent, said the people, who asked not to be named before the deal is completed. ....

Dhruv Mallick , Alex Schwiersch , Leith Wheeler Investment Counsel Ltd , Cineplex Inc , Canada High Yield Index , Leith Wheeler Investment Counsel , திருவ் மல்லிக் , லீத் சக்கர வாகனம் முதலீடு ஆலோசனை லிமிடெட் , சினிப்ளெக்ஸ் இன்க் , கனடா உயர் மகசூல் குறியீட்டு , லீத் சக்கர வாகனம் முதலீடு ஆலோசனை ,