Media Industry
Industry: Email Alert RSS FeedSpanish Broadcasting System Inc. went public, raising $435.8 million last Thursday by selling about 21.8 million shares of stock at $20.
Broadcasting & Cable, November, 1999
It initially expected to raise $280 million. SBS's stock closed at $27.75 last Thursday and was trading up to $28 last Friday. The company also sold about $235 million in junk-related bonds last Thursday. SBS plans to use the money to lower debt and buy more stations.
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