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.
