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4/2/2010 /// [View all news]
Guy Hands is set to ask backers of his Terra Firma private equity group for another £100m to inject into EMI.
EMI’s accounts for 2009 are currently with Companies House and the Financial Times reports that they will show that EMI’s recorded music business will not be able to meet the terms of its load from Citigroup, citing “people familiar with its accounts”.
As a result Hands is set to ask investors for another £100m which, it is understood, give EMI more than a year’s grace with the bank.
The FT reports that Hands has already written to Terra Firma investors asking for funds, with EMI Music CEO Elio Leoni-Sceti tasked with coming up with a plan for the major’s recorded music business that will encourage investors.
- Music Week
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Deadmau5
- basicly, ive been spending my time catching geckos and letting them loose inside the villa. fun times.
djchrislake
- Got an early pickup just like @LaidbackLuke to get to #electriczoo NY. I'm crazy tired. I'll probably be drooling on the plane........
djmarkknight
- Gutted rain thunder and lightning has stopped play :-( let's rock the limo
To the after party in Rio http://plixi.com/p/43417181
calvinharris
- Off to Jersey now, really looking forward to playing, got some absolute beasts
thisisburns
- RT @diplo i think im gonna hit 75k today which means some lucky lady
gets fingerbanged