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Tuesday, May 4, 2010

TheWrap EMI-Terra recap

TERRA’S GETTING FIRMER: As for Hands’ efforts to raise the nearly $200 million debt payment due to Citi by the May 14 compliance certificate deadline, and another $400 million to keep EMI solvent for the next five years, Terra Firma spokesman Andrew Dowler told Patten: “The project is intended to strengthen the company by securing additional investment for future growth and creating stability for our current and future artists. EMI intends to complete the project by mid-June." (5/4a)

 
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