08.09.2016 20:39:00
|
Hemisphere Media Holdings, LLC -- Moody's says Transfer of ownership at Hemisphere does not impact ratings
New York, September 08, 2016 -- Moody's Investors Service, ("Moody's") said the recent announcement of the proposed transfer of ownership in Hemisphere Media Holdings, LLC (Hemisphere or the Company, B2 stable) held by InterMedia Partners VII, L.P. (IMP) to an affiliate of Searchlight Capital Partners LLC (Searchlight), a private equity firm, will not affect its credit ratings or credit profile. Moody's believes this is primarily a liquidity event for the limited partners of IMP, the controlling stockholder of Hemisphere.