Dick Clark Productions ABS to rock in the new year

Ryan Seacrest
By Ryan Bolger
16 Dec 2014

Dick Clark Productions (DCP) is planning to securitize the fees and revenues from its group of televised event programmes ahead of this year’s Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest.

The television production company’s $340m deal would mark its first ever securitization. Proceeds from the offered notes will be used to refinance the company’s existing debt and provide a distribution to shareholders, according to a Kroll presale released on Monday.

Guggenheim Partners is underwriting the deal. The ...

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