Home Shopping Net redeems notes

Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption.

The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding.

The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving credit facility, co-agented by Long-Term Credit Bank of Japan and Bank of Montreal, will be used to retire the notes, the company said.

The notes selected will be redeemed at 104% of their principal, plus accrued interest to the redemption rate.

HSN said it also has received a commitment letter from Long-Term Credit Bank of Japan to enter into another term loan, the proceeds of which would redeem all or a portion of the remaining 11 3/4% notes.

More Biz

  • Bruno Mars Grammys

    Recording Academy Announces Date, Deadlines for 2019 Grammy Awards

    Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption. The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding. The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving […]

  • The Matcha Bros

    Ansel Elgort, Diplo, Billie Eilish, and Von Miller Invest in MatchaBar Energy Drink

    Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption. The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding. The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving […]

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption. The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding. The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption. The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding. The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving […]

  • Johnny Depp

    Johnny Depp Settles Feud With Former Managers

    Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption. The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding. The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving […]

  • Ed Sheeran Shape of You

    Ed Sheeran Tops Pollstar’s Mid-Year Touring Charts as Industry Soars to Record Gross

    Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption. The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding. The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving […]

  • Lantern Capitol

    Weinstein Co. Closes $289 Million Sale to Lantern Capital

    Home Shopping Network Inc., the Fort Lauderdale-based cable programmer, is redeeming its 11 3/4% senior notes due Oct. 15, 1996, for early redemption. The company said on Nov. 30, 1992, there were $ 143,252,000 principal amount senior notes outstanding. The proceeds of a $ 60 million term loan and a $ 40 million three-year revolving […]

More From Our Brands

Access exclusive content