ABRY Partners: Financing partner for the media and communication industries

Muzak Sells $220 Million of 10% Senior Notes Due 2009

On May 20th, Muzak successfully completed the issuance of $220 million of 10% Senior Notes.  The Company used the proceeds to repay certain existing indebtedness. 

The offering enables the Company to capitalize on the substantial growth opportunities available in the significantly under-penetrated business music services market, and selectively pursue acquisitions. 

Muzak serves nearly 350,000 client locations in all 50 states and 14 foreign countries. About 100 million people hear its programs everyday. Muzak delivers music, messaging, and sound system design through more than 200 sales and service locations.

Back to Current News