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Lions Gate Entertainment Corp (LGF.N)

LGF.N on New York Stock Exchange

22.72USD
2 Dec 2016
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$0.02 (+0.09%)
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Latest Key Developments (Source: Significant Developments)

Lionsgate announces pricing of $520 mln of senior notes
Thursday, 13 Oct 2016 04:09pm EDT 

Lions Gate Entertainment Corp : Lions Gate announces pricing of $520 million of senior notes and allocation of $2.0 billion term loan B credit facility . Lions Gate Entertainment Corp - Notes will bear interest at a rate of 5.875 percent per annum . It has priced a private offering of $520 million of senior notes due 2024 . Lions Gate Entertainment Corp - Expects that term loan B will be issued at 99.5 percent and will bear interest at a rate per annum equal to libor plus 3.00 percent . Lions Gate Entertainment Corp - Expects to use proceeds of notes, term loan A and term loan B to finance a portion of proposed merger with Starz .Lions Gate - Notes will be issued by LG Financeco Corp, a newly formed subsidiary of co, proceeds will be held in escrow pending consummation of merger.  Full Article

Lionsgate CFO signs an agreement to extend his tenure
Thursday, 13 Oct 2016 08:00am EDT 

Lions Gate Entertainment Corp : Lionsgate Chief Executive Officer Jon Feltheimer signs new long-term agreement with company .Lionsgate Entertainment Corp - long-term agreement extending Feltheimer's tenure until May 2023, effective immediately.  Full Article

Lions Gate Entertainment director Gordon Crawford reports purchase of 50,000 shares of Co's common stock on Aug 9 at $21.7 per share - SEC Filing
Wednesday, 10 Aug 2016 04:32pm EDT 

Lions Gate Entertainment Corp :Lions Gate Entertainment director Gordon Crawford reports purchase of 50,000 shares of Co's common stock on Aug 9 at $21.7 per share - SEC Filing.  Full Article

Lionsgate reports Q1 adj EPS $0.20
Thursday, 4 Aug 2016 04:00pm EDT 

Lions Gate Entertainment Corp : Lionsgate reports results for first quarter fiscal 2017 . Q1 adjusted earnings per share $0.20 . Q1 revenue $553.6 million versus I/B/E/S view $494.9 million .Qtrly earnings per share $0.01.  Full Article

Lions Gate says acquired a stake in Primal Media
Wednesday, 13 Jul 2016 09:00am EDT 

Lions Gate Entertainment Corp : Lionsgate launches new uk television production shingle, primal media .Will distribute primal media's content worldwide and will produce formats owned by primal media for u.s. And worldwide market.  Full Article

S&P downgrades Starz LLC to 'BB-' from 'BB' on pending acquisition by Lions Gate
Friday, 1 Jul 2016 01:34pm EDT 

S&P:Starz LLC downgraded to 'BB-' from 'BB' on pending acquisition by Lions Gate; on creditwatch negative.  Full Article

S&P says Lions Gate Entertainment ratings remain on creditwatch negative
Friday, 1 Jul 2016 01:32pm EDT 

S&P: Lions Gate Entertainment Corp ratings remain on creditwatch negative on the company's pending acquisition of Starz LLC . Creditwatch placement reflects risk Lions Gate's credit measures might not improve to levels appropriate for 'BB-' rating and its announcement to acquire Starz LLC ."Although we expect incremental cost savings primarily from a tax standpoint, we believe acquisition will weaken Lions Gate's core financial measures".  Full Article

Moody's places lions gate's credit ratings on review for downgrade
Thursday, 30 Jun 2016 07:21pm EDT 

Moody's : Moody's places lions gate's credit ratings (ba3 cfr) on review for downgrade . Lionsgate's rating outlook was changed from negative to ratings under review for downgrade . Rating review is prompted by lionsgate's announcement today that it entered into definitive agreement to acquire starz for cash and stock Source : (http://bit.ly/298ZRc6) (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Lionsgate to acquire Starz for $4.4 bln in cash and stock
Thursday, 30 Jun 2016 08:00am EDT 

Starz : Starz says lionsgate expects acquisition to be highly accretive, generate significant synergies and create a whole that is greater than sum of its parts . Lionsgate to acquire Starz for $4.4 billion in cash and stock . Each share of lionsgate common stock will be reclassified into 0.5 voting and 0.5 newly created non-voting shares . Lionsgate intends to fund cash portion of deal with a combination of newly issued bank and bond financing . Holders of each share of starz series a common stock will receive $18.00 in cash as well as 0.6784 of a share of lionsgate non-voting stock . Starz says liontree advisors is serving as exclusive financial advisor and baker botts llp is serving as legal advisor to starz . Acquisition is expected to generate significant revenue and cost synergies . Starz says j.p. Morgan, bank of america merrill lynch, deutsche bank and credit suisse are serving as financial advisors to lionsgate .Holders of each share of co's series b stock to get $7.26 in cash, 0.6321 share of lionsgate voting stock, 0.6321 share of lionsgate non-voting stock.  Full Article

Lions Gate Entertainment says Youtube orders its dance drama series Step Up
Thursday, 23 Jun 2016 08:30pm EDT 

Lions Gate Entertainment Corp :Youtube orders lionsgate television's dance drama series step up, inspired by global movie phenomenon.  Full Article

BRIEF-Lions Gate says enters into stipulation with plaintiff for settlement of litigation

* Lions gate entertainment -entered into stipulation with plaintiff for settlement of action litigation relating to proposed merger of orion arm acquisition with starz Source text for Eikon: Further company coverage: