Key Developments: MDC Partners Inc (MDCA.O)
18.82USD
18 Jun 2013
$0.31 (+1.67%)
$18.51
$18.50
$18.82
$18.44
84,062
135,213
$18.82
$9.24
Latest Key Developments (Source: Significant Developments)
MDC Partners Inc Raises FY 2013 Guidance
MDC Partners Inc raised its fiscal 2013 guidance and expects revenue growth of between 7%-9% and EBITDA growth of between 20% and 23%. The Company now expects revenue to be in the range of $1.145 - $1.170 billion (previous range was $1.125 - $1.150 billion) and EBITDA to be in the range of $142 - $146 million (previous range was $132 - $135 million) for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.145 billion and EBITDA of $123 million for fiscal 2013. Full Article
MDC Partners Inc Announces $0.28 per Share Cash Dividend
MDC Partners Inc announced that its Board of Directors has declared a cash dividend of $0.28 per share on all of its outstanding Class A shares and Class B shares for the first half of 2013. The dividend will be payable on or about May 24, 2013 to shareholders of record at the close of business on May 10, 2013. Full Article
MDC Partners Inc Proposes EUR 0.48 Per Share Cash Dividend
MDC Partners Inc announced announced that the Directors of the Company have decided to propose the dividend corresponding to approximately 50% of the Company's results for the fiscal year 2012, which amounts to EUR 0.48 per share. Full Article
MDC Partners Inc Completes $775 Million Financing At 5.5% Blended Cost Of Capital
MDC Partners Inc announced that it completed a $775 million refinancing of its balance sheet by closing on the issuance of $550 million of Senior Notes due 2020, and a new Revolving Bank Facility by increasing its size to $225 million and with a 5 year maturity to March 2018. The proceeds of the notes were used to redeem MDC's $425 million Senior Notes due 2016 and for general corporate purposes. The Senior Notes due 2020 were priced at 6.75%, a reduction of 525 basis points from the rate of the prior Senior Notes issued in 2009. In addition, the Revolving Bank Facility at LIBOR +200 basis points carries a 50 basis point reduction in the spread over LIBOR from MDC's prior revolver. The blended cost of capital of MDC's debt is 5.5%, in aggregate. The Senior Notes offering was led by Bookrunners J.P. Morgan and Goldman, Sachs & Co. Senior Co-Managers included Wells Fargo Securities and BMO Capital Markets and Co-Manager was Deutsche Bank Securities. The Revolving Bank Facility was led by Wells Fargo Bank. Full Article
MDC Partners Announces Completion of Offering of $550 Million of 6.75% Senior Notes due 2020
MDC Partners announced the completion of its private offering of $550 million aggregate principal amount of 6.75% senior notes due 2020 (the Notes). MDC used the net proceeds of the offering to redeem all $425 million aggregate principal amount of its 11% senior notes due 2016, to pay accrued interest, related premiums, fees and expenses. Any remaining net proceeds will be used for general corporate purposes, including funding of deferred acquisition consideration. Full Article
MDC Partners Inc Announces Pricing of $550 Million of 6.75% Senior Notes due 202
MDC Partners Inc announced that it has priced its private offering of $550 million aggregate principal amount of 6.75% senior notes due 2020 (the Notes). MDC intends to use the net proceeds of the offering to redeem all $425 million aggregate principal amount of its 11% senior notes due 2016, to pay accrued interest, related premiums, fees and expenses and to repay outstanding borrowings, if any, under MDC's senior secured revolving credit facility. Any remaining net proceeds will be used for general corporate purposes, including funding of deferred acquisition consideration. Full Article
MDC Partners Inc Issues FY 2013 Guidance; EBITDA Guidance Above Analysts' Estimates
MDC Partners Inc announced that for fiscal 2013, it expects revenue to be in the range of $1.125-$1.150 billion and EBITDA to be in the range of $132-$135 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.142 billion and EBITDA of $ 120 million for fiscal 2013. Full Article
MDC Partners Inc Announces $0.28 Per Share Cash Dividend
MDC Partners Inc announced that Board of Directors has declared a cash dividend of $0.28 per share on all of its outstanding Class A shares and Class B shares. The semi-annual dividend will be payable on or prior to December 31, 2012, to shareholders of record at the close of business on December 20, 2012. Full Article
MDC Partners Inc Reaffirms FY 2012 Guidance
MDC Partners Inc. reaffirmed fiscal 2012 guidance of revenue to a range of $1.05-$1.075 billion and EBITDA to a range of $110-$115 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.073 billion for fiscal 2012. Full Article
MDC Partners Inc. Reaffirms FY 2012 Guidance
MDC Partners Inc. reaffirmed fiscal 2012 guidance of revenue to a range of $1.05-$1.075 billion, EBITDA to a range of $110-$115 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.067 billion for fiscal 2012. Full Article
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