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Emmis Communications Corp. Message Board

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  • longtimefollower longtimefollower Nov 14, 2011 3:23 AM Flag

    "Non cash interest"

    No. I would suspect that as part of any closing, to take EMMS private, at that time, the financing for the transaction would have to involve Zell getting paid in cash, at 23% interest, on any amounts EMMS borrowed, to buy preferred stock.

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