Lenders Cut Cinram Some Slack
Cinram International Income Fund announced that its first and second lien senior lenders have once again agreed to extend their waiver of certain financial covenants.
Archive of posts tagged Cinram
Cinram’s French Subsidiary Files for Insolvency
Cinram International Income Fund announced that its Cinram Optical Discs SAS subsidiary in France has filed for insolvency.
Cinram Trustee Resigns
Cinram International Income Fund announced that one of its trustees has resigned.
Cinram Racks Up $25.5 Million Loss in Q1 2012
Cinram International Income Fund announced its first quarter 2012 financial results.
Cinram Lenders Extend Waiver
Cinram International Income Fund announced that its first and second lien senior lenders have agreed to extend their waiver of certain financial covenants.
Distribution Customer Bails on Cinram
Cinram International Income Fund announced that one of its significant customers is ending its five year distribution relationship with the company.
Cinram Faces Possible TSX Delisting?
TMX Group announced that it is reviewing Cinram’s compliance with the stock exchange’s continued listing requirements.
Cinram Q4 Results Cap Off Ugly 2011
Cinram International Income Fund announced its fourth quarter 2011 financial results.
Cinram’s 1K Studios and Audible Magic Target Second Screen
Cinram International Income Fund announced that its 1K Studios subsidiary will work with Audible Magic, a supplier of Automated Content Recognition (ACR) technology.
Cinram Hit By Moody’s Downgrade
Moody’s Investors Service announced that it has downgraded the corporate family rating (CFR) and probability of default ratings (PDR) of Cinram International Inc. to Caa3 from Caa1 and Caa2 respectively. Additionally, Moody’s has lowered Cinram’s speculative grade liquidity rating to SGL-4 (poor) from SGL-3 (adequate) and revised the ratings outlook to negative from stable.
Cinram Fined After Worker Injured
The Ontario Ministry of Labour announced that Cinram International was fined $55,000 for violating the province’s Occupational Health and Safety Act after a worker was injured at the company’s facility in Scarborough.