Brief: Dhx Media Announces C$60 Million Rights Offering

WildBrain

09/10/2019 22:38

Oct 9 (Reuters) - DHX Media Ltd  DHX.TO :
    * DHX MEDIA LTD. (DBA WILDBRAIN) ANNOUNCES C$60 MILLION
RIGHTS
OFFERING
    * DHX MEDIA LTD - PURSUANT TO RIGHTS OFFERING, EACH HOLDER
OF
VOTING SHARES WILL RECEIVE ONE RIGHT FOR EACH VOTING SHARE HELD
    * DHX MEDIA - EVERY 3.757635354 RIGHTS WILL ENTITLE HOLDER
TO
SUBSCRIBE FOR 1 VOTING SHARE AT PRICE OF C$1.67 /VOTING SHARE
    * DHX MEDIA LTD - INTENDS TO USE $50 MILLION OF PROCEEDS
FROM
OFFERING TO REDUCE CO'S TERM LOAN

Source text for Eikon:  ID:nCNW8JClxa 
Further company coverage:  DHX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))