DreamWorks Plans to Sell $300 Million of Bonds to Repay Revolver
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DreamWorks Animation SKG Inc. plans to sell $300 million of bonds as the independent film studio run by Jeffrey Katzenberg seeks to repay loans under its revolving credit facility.
With $200 million outstanding on its revolver as of June 30, according to an Aug. 1 regulatory filing, the studio that made “Shrek” a household name may have remaining funds from the offering of seven-year securities to finance acquisitions or stock buybacks. The Glendale, California-based company, which currently doesn’t have any bonds, announced the offering today in a statement.