Corus Entertainment Is Watching for Windows in High-Yield Market
Esteban Duarte, 07 May 2021
Corus Entertainment Inc., which has produced shows led by actors such as Christopher Plummer, plans to take an opportunistic approach to U.S. and Canadian high-yield bond markets after a recent debt sale fetched strong investor demand, Chief Financial Officer John Gossling said.
The Toronto-based based firm sold C$500 million ($410.3 million) of seven-year unsecured bonds April 26 in the company’s first such deal since 2013. Proceeds are being used to reduce bank credit facilities, which are in the process of getting extended to May 2025, he said. Continue reading “Article: Corus Entertainment Is Watching for Windows in High-Yield Market”
