Hangin' With ... Mike Hooper Ukraine Undecided On Paralympics Boycott Sky Sports To Show Women's Rugby ARD Scores Int'l Friendly Broadcast Mourinho Teams Up With Yahoo Bremen, Leverkusen Schedule Tours Antigua, Barbuda Sancioned By FIFA Heat Won't Affect Sochi Paralympics Executive Transactions India Not Giving Up Hope For F1 Return
SBD Global/April 8, 2013/FinancePrint All
Germany-based media company Constantin Medien, the owner of sports network Sport1, revealed that "it will issue corporate bonds," according to Alexander Krei of DWDL. The company "wants to use the bonds to refinance existing liabilities, improve its profit siutation and continue to diversify its product portfolio." Constantin Medien annouced that "the coporate bonds will have a volume of up to €65M ($84.6M) and are expected to be available for purchase this week." The company just recently revealed that it has exceeded its expectations for the fiscal year '12. Constantin's revenue increased from €465.7M to €520.5M ($671.6M). The reason for the improved number "is the company's increased revenue in the departments of film, sport and event marketing" (DWDL, 4/5).