April 13 (Reuters) - Mood Media Corp MM.TO :
* Mood Media announces acquisition of all outstanding common shares in connection with comprehensive transaction through arrangement agreement with key stakeholders
* As per deal, all of issued and outstanding common shares of Mood Media will be acquired for C$0.17 in cash per share
* US$350 million principal amount 9.25% senior unsecured notes due 2020 will be exchanged for consideration, per US$1,000 principal amount
* As part of transaction, company will be re-domiciled from Canada to Delaware
* Will refinance existing $250 million first lien credit facility with a new $315 million first lien credit facility
* The new $315 million first lien credit facility is to be provided by funds and accounts managed by HPS Investment Partners
* After deal,board to be comprised of directors nominated by affiliate of funds affiliated with Apollo, certain funds advised/sub-advised by GSO
* It is also anticipated that, following completion of transaction, company securities will be delisted from TSX
* Proceeds of new $315 million credit facility also to be used to redeem $50 million principal amount 10% senior unsecured notes due 2023 of co's unit Source text for Eikon: ID:nBw5Sr3fta Further company coverage: MM.TO