Allen Media Plans More Cost Cuts as Debt Maturities Near [BNN Bloomberg (Canada)]
Moelis & Company Class A (MC)
Last moelis & company class a earnings: 4/22 04:15 pm
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Source: BNN Bloomberg
The company, which owns The Weather Channel and other television stations, has engaged Moelis & Co. and Kirkland & Ellis as its own legal counsel, some of the people said, asking not to be identified because the discussions are private. In July, creditors grouped together to tap their own legal advisers. Allen Media's debt has been trading at distressed levels over the last few months. The company's $840 million term loan, which is maturing in 2027, was trading at around 65 cents on the dollar as of Tuesday, down from 88 cents in May, according to data compiled by Bloomberg. “We're 100% in compliance with all of our lenders,” a company representative said in an emailed statement, adding its term loan isn't due until February 2027. “We're highly confident that we will successfully refinance at that time or before.” Allen Media also has a $100 million revolver coming due in February 2025. That facility is nearly tapped out, according to a S&P Global Ratings report in July, when t
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MC
Earnings
- 7/24/24 - Beat
MC
Sec Filings
- 9/17/24 - Form 8-K
- 8/2/24 - Form 4
- 8/2/24 - Form 4
- MC's page on the SEC website