Mood Media Successfully Raises $235 Million Term Loan and $15 Million Revolving Credit Facility

TORONTO, May 1, 2014 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM) (LSE AIM: MM) ("Mood Media" or the "Company") today announced that it has successfully raised a new $235 million term loan and a $15 million revolving credit facility to replace the Company's existing first lien bank debt and revolving credit facility.

The new facilities will bear an interest rate of LIBOR plus 6% per annum, a LIBOR floor of 1% and will mature in May 2019, which will extend the Company's debt maturity schedule by one year. The terms of the new financing provide Mood Media with expanded covenant flexibility including a key provision permitting the Company to use proceeds from future asset divestitures to repay specified unsecured debt including its convertible debentures. Collateral under the new agreement will be substantially identical to the existing first lien facility. Proceeds of the new term loan will be used to repay outstanding indebtedness under its existing first lien term loan, the revolving credit facility, related transactional expenses, and provide $8 million in cash to strengthen the balance sheet.

Tom Garrett, Group CFO of Mood Media commented, "The successful placement of this transaction was supported by strong interest from a broad cross-section of investors and we believe it demonstrates the increasing confidence the investment community has in our strategy as well as our management team's ability to execute. Our new leadership has rapidly built a track record of execution.  We are driving efficiencies, synergies and growth that we believe will build shareholder value. The new financing, with its improved terms, will strengthen our capital structure, enhance our liquidity, allow us to use non-core asset sales to address our convertible debentures and overall leverage and, ultimately position Mood to make further investments in future growth. This important milestone, which was part of the management team's overall plan to increase Mood stakeholder value, demonstrates our continued progress executing on our operational and strategic priorities."

Credit Suisse Securities LLC acted as the lead arranger for the new credit facilities.

About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM), is one of the world's largest designers of in-store consumer experiences, including audio, visual, interactive, scent, voice and advertising solutions. Mood Media's solutions reach over 150 million consumers each day through more than half a million subscriber locations in over 40 countries throughout North America, Europe, Asia and Australia. Mood Media Corporation's client base includes more than 850 U.S. and international brands in diverse market sectors that include: retail, from fashion to financial services; hospitality, from hotels to health spas; and food retail, including restaurants, bars, quick-serve and fast casual dining. Our marketing platforms include 77% of the top 100 retailers in the United States and 49 of the top 50 quick-serve and fast-casual restaurant companies. The Company's financial disclosures are available at

For further information about Mood Media, please visit

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to important assumptions, including without limitation, expected growth, results of operations, performance, financial condition, strategy and business prospects and opportunities. While Mood Media considers these factors and assumptions to be reasonable based on information currently available, they are inherently subject to significant uncertainties and contingencies and may prove to be incorrect.

Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: the impact of general market, industry, credit and economic conditions, currency fluctuations as well as the risk factors identified in Mood Media's management discussion and analysis dated March 5, 2014 and Mood Media's annual information form dated March 31, 2014, both of which are available on

Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Mood Media.

Forward-looking statements are given only as at the date hereof and Mood Media disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.

SOURCE: Mood Media Corporation

For further information:

Investor Inquiries 
Randal Rudniski
Mood Media Corporation
Tel: +1 (512) 592.2438

Dominic Morley
Panmure Gordon (UK) Limited
+44 020 7886 2500

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Mood Media Corporation

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