Taking the Mickey? Pinewood launches divi recap after Disney deal
Pinewood Studios has launched a new £500m six year non-call two bond offering to fund a dividend, after signing a deal with Disney to lease the studio’s space for the next decade, securing the firm’s income. Seen as a corporate issuer, Pinewood’s leverage looks sky-high, but the bond documentation attempts to rebrand it as a real estate company.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com