Reston-primarily based Comscore closes investment transactions

Investments from had been employed to retire $200M+ in personal debt, make improvements to liquidity

Revealed


March 11, 2021




by

Wealthy Griset

Reston-based media measurement and analytics enterprise Comscore Inc. declared Thursday that it has shut its beforehand introduced financial investment transactions with Connecticut-dependent Constitution Communications Inc., Colorado-primarily based Qurate Retail Inc. and an affiliate of New York-dependent Cerberus Funds Administration LP.

Just about every of the three organizations built a money investment in trade for shares of convertible most well-liked inventory, earlier noted at $204 million ($68 million for every trader) at $2.47 per share. Proceeds from the financial investment were used to repay and extinguish Comscore’s senior secured convertible notes held by affiliate marketers of Starboard Price LP. Comscore also repaid and extinguished its international secured time period observe.

A competitor of analytics and media rankings company Nielsen Holdings PLC, Comscore has struggled as media intake patterns have speedily modified. It has also professional economical worries. In latest decades, Comscore also has confronted govt departures, an accounting scandal and a Securities and Exchange Fee investigation that resulted in Comscore paying out a $5 million settlement in 2019.

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