Oaktree Capital’s Townsquare Media updates IPO terms

According to an updated SEC filing, Townsquare Media, a portfolio company of Oaktree Capital Management, will sell 8.3 million shares of its IPO at a price between $14 and $16 per share. The company is planning on listing the stock on the NYSE under the ticker symbol “TSQ.” BofA Merrill Lynch, Jefferies and RBC Capital Markets will serve as the lead underwriters. Based in Greenwich, CT, Townsquare Media is a radio station operator.

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Trending on peHUB this week: Glenn Beck fundraising for TheBlaze, Spectrum Equity raising another $1 billion fund, and VCs getting excited about real estate websites.

Enplug snags $2.5 mln seed funds

According to a post on its site, Enplug has secured $2.5 million in seed funding. Investors included Oaktree Capital Co-Founder Larry Keele, Lightspeed Venture Partners Managing Director Justin Caldbeck, Atom Factory CEO Troy Carter, DominateFund, zPark Venture and Amidi Group. Headquartered in Los Angeles, Enplug is a provider of social media displays for businesses. To read further details about the funding, visit here:

Reuters – US Funds Take Control of Australia’s Nine

Nine Entertainment‘s creditors have approved a $3.6 billion recapitalisation scheme that will see US hedge funds take control of the business, paving the way for a possible listing in 2014, writes Reuters. US hedge funds Oaktree Capital and Apollo Global Management will swap debt to take a 95.5 percent stake in the company. The breakdown between the two funds has not been disclosed.

NAB Exits Nine Entertainment

National Australia Bank has sold its entire A$86 million ($90 million) exposure in Nine Entertainment, writes Reuters. Nine’s owner, CVC Capital Partners, is fighting to retain control of the business as hedge funds led by Oaktree Capital and Apollo Global Management, circle, says Reuters. Reuters – National Australia Bank has sold its entire A$86 million […]

CVC Rebuffs Hedge Fund Plan

Private equity firm CVC has failed to respond to a proposal by Oaktree Capital and Apollo Global Management who own a chunk of $2.9 billion in debt owed by its Australian TV network Nine Entertainment to convert their debt into equity, writes Reuters. The hedge funds put their restructuring proposal to CVC on Friday in […]

Washington Commits $1B+ to Private Equity

The Washington State Investment Board, which manages more than $80 billion in pension assets, made more than $1 billion in commitments to a trio of private equity funds, two of which just started their fundraising efforts.

Cequel to Make $440 Mln Payout to Investors including Quadrangle, GS Capital and Oaktree

The Quadrangle Group is getting some good news.

Today, Cequel Communications Holdings I said that it plans to refinance an existing $2.525 billion loan with a new $2.7 billion credit facility. The new loan will consist of a $500 million revolver and a $2.2 billion term loan B. Proceeds will be used to fund a $370 million distribution in March PLUS another payout of $70 million in May, according to the statement.

Hedge Funds Want Debt Swap on CVC’s Nine

Hedge funds owning a chunk of the $2.8 billion debt in Australia’s Nine Entertainment, owned by buyout firm CVC, have prepared a proposal to convert their debt into equity in the TV network, a source told Reuters, in a plan that would wipe out most of CVC’s equity. Nine’s board has declined to meet with […]

Oaktree Gets EU Approval for Doughnut Deal

Oaktree Capital sealed approval Monday from the EU for its plan to acquire Spanish doughnut maker Panrico. The European Commission, the EU’s competition watchdog, said the deal did not raise competition concerns, because there were no overlaps between their activities, Reuters wrote.

Sources: CVC’s $2.7 Billion Refinancing of Nine Entertainment Fails

The Hong Kong-based private equity firm CVC failed to reach a deal with creditors to refinance A$2.6 billion ($2.7 billion) of debt in Nine Entertainment, sources said on Thursday, putting the future ownership of the Sydney, Australia-based media network in doubt. REUTERS NEWS: Private equity firm CVC failed to reach a deal with creditors to […]

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