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# Terra Firma Investors Approve $492M More For EMI
- URL: https://www.hypebot.com/terra-firma-investors-approve-492m-more-for-emi/
- Published: 2009-07-30T04:58:54.000Z
- Updated: 2009-07-30T04:58:54.000Z
- Description: Terra Firma investors have approved plans for the private equity firm to inject another £300 million ($492M USD) into a struggling EMI as part of a proposed refinancing of the. Continue reading [https://www.hypebot.com/hypebot/2009/07/terra-firma-investors-approve-492m-more-for-emi.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:03

[![EMI](http://hypebot.typepad.com/.a/6a00d83451b36c69e201157248f098970b-100wi "EMI")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201157248f098970b-pi?ref=hypebot.com) Terra Firma investors have approved plans for the private equity firm to inject ano[![Money Stack of $100 bills](http://hypebot.typepad.com/.a/6a00d83451b36c69e201157248f277970b-120wi)](http://hypebot.typepad.com/.a/6a00d83451b36c69e201157248f277970b-pi?ref=hypebot.com)ther £300 million ($492M USD) into a struggling EMI as part of a proposed refinancing of the label group’s £2.6bn (4.26B USD) in debt according to the [Financial Times](http://www.ft.com/cms/s/0/229c9362-7c6c-11de-a7bf-00144feabdc0.html?ref=hypebot.com). Investor approval was needed because EMI accounts for more than 30% of Terra Firma's entire portfolio.

It's all part of a plan by Terra Firma's Guy Hands to keep the label group afloat. He's said to be working with other investment firms to raise funds with a major high yield bond offering, as WMG did recently. Troubled US bankers Citi are also being asked to discount or refinance its EMI debt; and US financial regulators are rumored to be encouraging Citi to accept a 20-30% to get EMI and other toxic assets off its books.