Hindi
Lionsgate blocks Icahn, seals debt
MUMBAI: Lionsgate has refinanced $66.6 million of its debt in a private deal, at the last-hour, to shoo away billionaire investor Carl Icahn‘s take over attempts. Icahn had made an initial offer to purchase the debt at around 75 cents per dollar, an offer that was due to expire last Monday afternoon. Lionsgate signed deals with two bondholders and exchanged $66.6m of existing debt for new debt. The new debt pushes back the put date to 2015 from 2012. The put date is when bondholders can force Lionsgate to buy back its debt.
“We had an opportunity to do a private transaction on terms that were attractive for the bondholders and for the company,” said Lionsgate vice-chairman Michael Burns in a statement. “Bondholders get a better trading instrument and lower strike price while Lionsgate gets a three-year extension on the first put date.”
In a filing to Securities and Exchange Commission (SEC) last Monday, Lionsgate disclosed the deal. It also said that the debtholders have agreed not to sell any of their 2024 notes to Icahn via the “existing tender offer,” which limits support for Icahn among Lionsgate‘s shareholders.
Earlier, in February, Lionsgate reported a loss of $93.4 million in the third quarter.
Hindi
Rashmika Mandanna, Shanaya Kapoor and Naila Grrewal climb IMDb’s Indian celebrity rankings
Upcoming films and returning shows are driving fan interest across Bollywood and streaming
MUMBAI: Bollywood’s popularity contest has a new weekly scorecard, and the numbers are telling. IMDb’s Popular Indian Celebrities list for this week places Shanaya Kapoor at number six, buoyed by buzz around her film Tu Yaa Main. Naila Grrewal slots in at seven on the back of the returning comedy series Maamla Legal Hai, while Rashmika Mandanna climbs to eighth, riding mounting anticipation for Cocktail 2.
The list, available exclusively on the IMDb app for Android and iOS, tracks trending Indian entertainers and filmmakers each week, drawing on data from more than 200m monthly visits to the platform worldwide.
Further down the rankings, Raaka is keeping two of its biggest names in the spotlight. Deepika Padukone holds 11th position, with Allu Arjun close behind at 13th, as the film continues to find traction with audiences.
The list offers fans a weekly pulse on who is breaking through, who is holding steady, and who is fading. It is a barometer as unsparing as the box office itself.
