Cinram May Default on Credit Agreements
Cinram International Income Fund announced that it is asking its lenders to amend certain terms of the company’s Senior Secured Credit agreements.
Archive of posts tagged Cinram International Inc.
Cinram Orders Singulus Blu-ray Disc Production Systems
Singulus Technologies announced that it has sold a “major number” of its BLULINE II Blu-ray Disc (BD) replication lines and CRYSTALLINE mastering systems to Cinram International.
Cinram Takes E-publishing Plunge
Cinram International announced its official launch into e-publishing and enhanced book app development.
Cinram and TF1 Vidéo Ink Distribution Deal
Cinram International announced that it has signed a new multi-year distribution agreement with TF1 Vidéo in France.
Default Credit Rating for Cinram
Standard & Poor’s Ratings Services announced that it has lowered its long-term corporate credit rating of Cinram International Inc. from ‘CC’ (highly vulnerable) to ‘D’ (default). Additionally, Standard & Poor’s has lowered its issue-level rating on Cinram’s senior bank facility to ‘D’ from ‘CC’.
Cinram Receives 2011 REBRAND 100 Global Award
Cinram International announced that it has received a Merit Award in the 2011 REBRAND 100 Global Awards.
Former Warner Exec Heads Cinram’s Digital Operations
Cinram International announced that it has has hired former Warner Bros. executive John Crosier and appointed him to the newly created position of Senior Vice President, Digital Architecture and Delivery.
Cinram Inks Distribution Agreement With Morrisons
Cinram International announced that it has signed a distribution services agreement with Wm Morrisons Supermarkets in the United Kingdom.
S&P Slashes Cinram’s Credit Rating
Standard & Poor’s Ratings Services announced that it has lowered its long-term corporate credit rating of Cinram International Inc. three levels from ‘CCC+’ to ‘CC.’ Additionally, Standard & Poor’s has lowered its issue-level rating on Cinram’s senior secured debt to ‘CC’ from ‘CCC+’ (recovery rating remains at ‘4’) and placed all Cinram ratings on CreditWatch …
Cinram Proposes Refinancing Plan
Cinram International Income Fund announced a proposed refinancing and recapitalization transaction with its current lenders.
Time Warner Sells DVD/CD Manufacturing and Distribution Businesses to Cinram
Time Warner Inc. announced the completion of the sale of its DVD and CD manufacturing, printing, packaging, physical distribution and merchandising businesses to Cinram International for roughly US$1.05 billion in cash.