Lions Gate to Sell $236M in Debt Offering

Lions Gate Entertainment Corp. said Friday that a subsidiary plans to sell $236 million in a debt offering that the movie production and distribution company will have to repay in 2016.

Lions Gate said it expects to close the transaction Wednesday.

The senior notes will pay 10.25 percent in annual interest and will mature on Nov. 1, 2016. Interest will be paid twice a year.

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