The Irish Independent reports that Riverdeep has managed to refinance almost half of a $1.07 billion bridging facility taken out following the company’s $3.5 billion reverse takeover of US educational publisher Houghton Mifflin last year. The paper says initial plans to refinance $250m – or a quarter – of the facility were put on ice earlier this year following the resignation of the company’s auditor, Ernst & Young. “The refinancing will shave $10m a year from the company’s interest bill,” the paper quotes a spokeswoman for the company as saying. But, the refinancing has prompted Moody’s to downgrade its senior secured ratings for Riverdeep’s debt down one level to B1.
The Nation Magazine is looking for a Editorial Coordinator (Part-Time). next job CONNECTICUT Magazine Media is looking for a Multi Media Consultant. next job Global Traveler Magazine is looking for a Sales and Marketing Assistant. next job NewBeauty Magazine is looking for a Sales Director, Beauty. next job Brooklyn Magazine is looking for a Social Media Editorial Fellowship. next job Inked Magazine is looking for a Advertising Sales Representative. next job Maxim Magazine Digital is looking for a Digital Advertising Trafficer. see all
Starting September 4,work with a literary agent to complete a full proposal that wins an agent and a contract! Ryan Harbage from The Fischer-Harbage Agency, Inc. will teach you how to convey your idea in a winning book proposal format, write your proposal letter, understand the nuts and bolts of the nonfiction book industry, and more. Register now!