RHI Entertainment Sets IPO Terms

RHI Entertainment Inc., a New York-based producer of made-for-TV movies and other television programming, has set its IPO terms to 12.5 million common shares being offered at between $16 and $18 per share.

 

It plans to trade on the Nasdaq under ticker symbol RHIE, with JPMorgan and Banc of America securities serving as co-lead underwriters.

 

RHI was previously known as Hallmark Entertainment, before being acquired and renamed by Kelso & Co. and members of company management in January 2006. Later that year, RHI acquired the domestic rights to Crown Media's film library, which Crown had originally bought from Hallmark Entertainment six years earlier. www.rhifilms.com