EMI: The story so far

The private equity company's takeover of the UK music major was financed by Citigroup, but the relationship between both companies quickly went cold, thanks to the onset of the financial crisis and a decline in the recorded music market.

This left a debt syndication agreement between Terra and its bank almost impossible to reach and Citi holding £3.2bn of debt.

Terra Firma owner Guy Hands has repeatedly struggled to persuade investors to pour money into the company to avoid defaulting ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start free Trial

Register for a Music Week trial to access this article. Sign up today and you will receive:

  • 4 weeks access to news, features and chart analysis
  • 4 Digital issues of Music Week
  • The Music Week app
  • Tailored email news alerts
Start your free trial

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...