C$175 million of 5.875% Senior Unsecured Notes due 2021
HALIFAX, Nov. 25, 2014 /CNW/ - DHX Media Ltd. ("DHX" or the "Company")
(TSX: DHX.A, DHX.B), a key player internationally in the creation of
content for families and children, announced today that it has priced
its previously announced offering (the "Offering") of senior unsecured
notes.
DHX Media will issue C$175 million in aggregate principle amount of
5.875% senior unsecured notes (the "Notes") due seven years from the
date of closing.
The Notes will be offered on a private placement in Canada under
available prospectus exemptions. The Notes will also be offered in the
United States to qualified institutional buyers under Rule 144A under
the United States Securities Act of 1933, as amended (the "Securities
Act"), and outside the United States to non U.S. persons as defined in
and in accordance with Regulation S under the Securities Act. The Notes
have not been and will not be registered under the Securities Act and
may not be offered or sold in the United States absent registration
under the Securities Act or an applicable exemption from the
registration requirements of the Securities Act.
The Offering is expected to close on or about December 2, 2014, subject
to customary closing conditions.
DHX Media intends to use the net proceeds from the Offering, after
deducting underwriting fees and estimated offering expenses, to repay
indebtedness under its existing senior secured facilities.
Dana Landry, CEO of DHX Media, stated: "We are very pleased with the
response to our unsecured senior notes offering and believe it
represents an important milestone in positioning DHX for continued
growth."
This news release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such an
offer, solicitation, or sale would be unlawful. The Toronto Stock
Exchange has neither approved nor disapproved the form or content of
this press release.
About DHX Media Ltd.
DHX Media Ltd. (www.dhxmedia.com), a leading creator, producer, marketer and broadcaster of family
entertainment, is recognized globally for such brands as Yo Gabba Gabba!, Caillou, Teletubbies, In the Night Garden, Inspector
Gadget, Johnny Test, and the multi-award winning Degrassi franchise. DHX Media Ltd. is the owner of Family Channel, the
most-viewed children's television channel in Canada, as well as the
channels Disney Junior (English & French) and Disney XD in Canada. The
Company markets and distributes its library of more than 11,000
half-hours of entertainment programming worldwide, and licenses its
owned properties through its dedicated consumer products business. DHX
Media Ltd.'s full-service international licensing agency, Copyright
Promotions Licensing Group Ltd. (CPLG), represents numerous
entertainment, sport and design brands. DHX Media Ltd. has offices in
Toronto, Vancouver, Halifax, Los Angeles, London, Paris, Barcelona,
Milan, Munich and Amsterdam, and is listed on the Toronto Stock
Exchange under the ticker symbols DHX.A and DHX.B.
Disclaimer
This press release contains forward looking statements with respect to
DHX including closing of the Offering and use of proceeds. Although the
Company believes that the expectations reflected in such forward
looking statements are reasonable, such statements involve risks and
uncertainties and are based on information currently available to the
Company. Actual results may differ materially from those expressed or
implied by such forward looking statements. Factors that could cause
actual results or events to differ materially from current
expectations, among other things, include risks factors discussed in
materials filed with applicable securities regulatory authorities from
time to time including matters discussed under "Risk Factors" in the
Company's Annual Information Form, and annual Management Discussion and
Analysis. These forward-looking statements are made as of the date
hereof, and the Company assumes no obligation to update or revise them
to reflect new events or circumstances, except as required by law.
SOURCE DHX Media Ltd.
<p> <br/> <b>Investor relations, please contact: </b><br/> Joann Head - Manager, Investor Relations, DHX Media Ltd.<br/> <a href="mailto:joann.head@dhxmedia.com">joann.head@dhxmedia.com</a><br/> +1 416-977-7018 </p> <p> <b>Media, please contact: </b><br/> Shaun Smith - Director, Corporate Communications, DHX Media Ltd.<br/> <a href="mailto:shaun.smith@dhxmedia.com">shaun.smith@dhxmedia.com</a><br/> +1 416-977-7230 </p>