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Press release from CNW Group

MDC Partners Inc. Announces Completion of the Offering of $550 Million of 6.75% Senior Notes due 2020 and Enters into New $225 Million Revolving Credit Facility

Wednesday, March 20, 2013

MDC Partners Inc. Announces Completion of the Offering of $550 Million of 6.75% Senior Notes due 2020 and Enters into New $225 Million Revolving Credit Facility11:04 EDT Wednesday, March 20, 2013NEW YORK, March 20, 2013 /CNW/ - MDC Partners Inc. ("MDC") (NASDAQ: MDCA) (TSX: MDZ.A) today announced the completion of its private offering of $550 million aggregate principal amount of 6.75% senior notes due 2020 (the "Notes"). MDC used the net proceeds of the offering to redeem all $425 million aggregate principal amount of its 11% senior notes due 2016, to pay accrued interest, related premiums, fees and expenses. Any remaining net proceeds will be used for general corporate purposes, including funding of deferred acquisition consideration.In addition, MDC today entered into an amended and restated five-year $225 million revolving credit facility.The Notes and related guarantees were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes will not be registered under the Securities Act and, therefore, may not be offered or sold in the United States absent an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.This press release does not constitute an offer to sell, or a solicitation of an offer to sell or buy any securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About MDC Partners Inc.MDC Partners is one of the world's largest Business Transformation Organizations that utilizes technology, marketing communications, data analytics, insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada, and worldwide.MDC Partners' durable competitive advantage is to Empower the Most Talented Entrepreneurial Thought Leaders to Drive Business Success to new levels of Achievement, for both our Clients and our Shareholders, reinforcing MDC Partners' reputation as "The Place Where Great Talent Lives."MDC Partners' Class A shares are publicly traded on NASDAQ under the symbol "MDCA" and on the Toronto Stock Exchange under the symbol "MDZ.A".Safe Harbor StatementThis press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. Such risk factors include, among other things, MDC's financial performance; risks associated with the effects of economic downturns; ability to attract and retain key clients; ongoing compliance with debt agreements and MDC's ability to satisfy contingent payment obligations when due; and other risk factors set forth in MDC's Form 10-K for its fiscal year ended December 31, 2012 filed with the SEC on March 7, 2013 and in subsequent SEC filings.CONTACT:David DoftChief Financial Officer )SOURCE: MDC Partners Inc.For further information: http://www.mdc-partners.com