LYCOS RETRIEVER 
The Purchase: Addition
built 606 days ago
The purchase price of the cinemas and other assets was $69.3 million, and was financed primarily by a $50 million term loan and a $5 million revolving line of credit provided by institutional lenders. While the term financing is initially guaranteed by RDI, the guarantee will expire once the debt-to-cash flow ratio falls below a certain threshold. Based on management's estimates this should occur in about 18 to 24 months, upon the debt being reduced to approximately $38 million, by applying most of the theaters' net cash flow during that same timeframe to paying down the financing. An additional $21 million of financing was provided under a term loan from an affiliate of the sellers. Recourse under the seller financing is limited to Consolidated and its assets. In addition to the acquired assets, RDI has contributed to Consolidated two of RDI's domestic theaters located in New Jersey and Dallas.
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NEW YORK, March 6 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (NASDAQ: ICON) ("Iconix" or the "Company"), today announced that it has entered into a definitive agreement to purchase the brand Rocawear. The purchase price will be $204 million in cash with contingent payments of an additional $35 million of Iconix stock based upon the brand surpassing certain pre-determined performance thresholds over the next three to five years. Rocawear is a leading lifestyle apparel brand sold through better department and specialty stores with annual retail sales of over $700 million. Rocawear co-founder Jay-Z will be in charge of all product development, marketing and licensing for Rocawear. Jay-Z's senior management team in licensing, marketing and product development will ... join Iconix. He will retain his stake in the operating company that manufactures all of the Rocawear men's apparel and his two partners in that business, Alex Bize and Norton Cher, will continue to run that company and enter into a long-term license agreement with Iconix for the core young men's apparel category.
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BALA CYNWYD, Pa., July 11 /PRNewswire-FirstCall/ -- Philadelphia Consolidated Holding Corp. today announced the purchase of the renewal rights for the Collector Car Program of The James A. Grundy Agency, Inc., together with The Grundy Worldwide name. In addition, PHLY has entered into an exclusive Agency Agreement with The James A. Grundy Agency, Inc. to provide specialized Automobile Liability and Physical Damage insurance for the Collector Car industry. Coverage will include enhancements to the standard auto policy such as Agreed Value, Inflation Guard and Auto Show Medical Reimbursement to meet the unique exposures associated with this marketplace.
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Each 1.285 Rights will entitle the holder to purchase one Subscription Receipt of Catalyst for an exercise price of $0.75 per Subscription Receipt (the Basic Subscription Privilege) prior to 5:00 p.m. (Eastern) on April 7, 2008. Holders who have exercised their Basic Subscription Privilege in full will be entitled to subscribe for additional Subscription Receipts at the same exercise price (the Additional Subscription Privilege). To the extent the Rights Offering is over-subscribed, additional Subscription Receipts will be allocated among exercising holders in the manner described in the Prospectus.
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By using iaTix, you agree to pay all charges, taxes, and surcharges incurred through your purchase of tickets. You will not be charged for access to iaTix unless The ImaginAsian obtains your prior agreement to pay such charges. The user shall agree to pay all fees and charges incurred through your account, including but not limited to charges for any products or services offered for sale through iaTix or by any other vendor or service provider. All fees and charges shall be billed to you, and you shall be solely responsible for their payment. You shall pay all applicable taxes relating to the use of iaTix through your account, and the purchase of any other products or services. iaTix requires a flat surcharge in addition to the cost of the ticket and all applicable taxes.
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This property, operated by Chesapeake Operating, Inc., contains one (1) producing well in the Newark East, Barnett Shale Field. Two (2) additional wells have been drilled on this acreage and are being prepared for production. The Newark East, Barnett Shale Field is one of the largest gas producing fields in Texas.
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