PM Russia

completed

Prof-Media (or the company) is Russia’s largest diversified entertainment media group with a portfolio of assets in TV and radio broadcasting, movie production and distribution, cinema, Internet, magazines and newspapers. The company’s activities are consolidated in a sole purpose holding company, called PM Invest Company Limited incorporated in Cyprus. To date, Prof-Media’s has grown based on an M&A strategy. Capital expenditures and acquisitions have been financed by internal cash generation and contributions from the shareholders. As the company has been relatively under-leveraged, it is seeking third-party funding to help finance its growth and repay shareholder bridge loans. IFC is contemplating to participate in the senior debt financing by providing $50 million as an anchor investor alongside a $250 million credit linked notes (the CLN) arranged by Renaissance Capital. The CLN were successfully placed within a diverse group of both Russian and international investors.