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Michael Dell Aids Redstone With $125 Million Investment

Michael Dell

Michael Dell

Photographer: Matthew Busch/Bloomberg
Updated on

National Amusements Inc., the Redstone family holding company that controls media giant Paramount Global, raised $125 million from an investment firm co-founded by computer billionaire Michael Dell in order to repay debt.

The $125 million in preferred equity investment from BDT Capital Partners will allow National Amusements to pay down a revolving loan and other borrowings, reduce interest expense and position the business for “sustainable growth and further post-pandemic recovery,” according to a statement from the company.