Constantin Medien To Issue Corporate Bonds With A Volume Of Up To $85M
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).