Hi-Grade: Viacom Bond Spreads Jump As Co. Eyes Debt To Shore Up Liquidity |
| September 22, 2016 | September 2016 Bond Updates |
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Viacom is eyeing its first bond offering in nearly two years to bolster liquidity, after the company’s “comprehensive review” of its capital structure and operating budget—following a high-profile boardroom shakeup—led it to halve its quarterly dividend today. The company also said it had ended the search for a minority investor in Paramount Pictures, for now damming a potential stream of proceeds to bring down its elevated leverage. |
| View more at: http://www.forbes.com/sites/spleverage/2016/09/21/hi-grade-viacom-bond-spreads-jump-as-co-eyes-debt-to-shore-up-liquidity/ |
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