Playboy’s Hefner Receives $180 Million Term Loan
According to a Reuters report, while the loan will Icon Acquisition Holdings LP, a limited partnership managed by Playboy founder Hugh Hefner, in an attempt to return the men to the magazine Private Rizvi Traverse Management LLC, to take. According to reports, this is a result of a bid from Hugh Hefner’s Playboy Enterprises take (PLA: 6.10, +0.02, +0.33%) private will be financed by an $ 180,000,000 term loan underwritten by Jefferies Group (JEF: 26.62, -0.07, -0.26%). The deal would value the company at around $ 207 million, or $ 6.15 per share. The deal represents an 18.3 percent premium over the company’s closing price on Friday, January 7.
The completely result on the conclusion of money because with the completion of this transaction, Playboy will circle around to come back to its roots as a private company and then the brand clearly resonates today as at any time in its 57-year history. The company still believes that this agreement gives us the resources and flexibility to Playboy back to its unique position and to further expand our business worldwide. Playboy shares rose two cents only, or a fraction of 1percent, to $ 6.11 per share on Tuesday, after jumping 17 percent on Monday when news of the deal were released.