Imasac to raise money for Cisneros

Subsidiary places $80 mil in debt

MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday.

Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 million last year.

Proceeds form the offering will be used primarily to repay a $50 million bridge loan used in that acquisition.

A Cisneros Group source last week told Daily Variety that the placement — priced in April 23 — was oversubscribed by a ratio of nine-to-one.

More Biz

  • Jack Ma Alibaba

    Alibaba Looking at Expansion in Advertising, Media Sectors

    MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday. Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 […]

  • Mandatory Credit: Photo by AP/REX/Shutterstock (9178399b)Hillary

    Hillary Clinton Talks Russia, Trump, Putin and Midterm Elections at NYC Festival

    MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday. Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 […]

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday. Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday. Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday. Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday. Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    MIAMI — Imasac, an Argentine subsidiary of the Cisneros Group, has placed $80 million of debt in the U.S., Latin America and Europe, the company announced Monday. Imasac is the holding company for top Argentine cable programmer Imagen Satelital — owner of six nets and distribbery for 12 more — which Cisneros acquired for $114 […]

More From Our Brands

Access exclusive content