Terra Firma investors would rather not feel the pain of acquiring EMI

'Yes, I'd rather hurt than feel nothing at all," sing Lady Antebellum, the EMI artists, in their title track on America's current number one album.

2010. March 10. 21:58

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Pension dispute 'threatens EMI' [BBC NEWS] Aug. 27. The Pensions Regulator is asked to decide on the funding of the main EMI pension scheme as the trustees and the company cannot agree. EMI may need more cash injections to meet debt covenants [Telegraph.co.uk] Aug. 19. EMI's parent company has warned that the troubled British music group may need millions more to help it cope with its debt. Citigroup and Terra Firma go to mediation over EMI [FT.com] Aug. 18. Terra Firma and Citigroup will attempt to break the deadlock over the private equity group's troubled4.2bn takeover of EMI, to which the bank was the sole lender EMI copyright claim on spoof Welsh music video [BBC NEWS] Aug. 10. The hit internet spoof video Newport State Of Mind which parodies Jay-Z has been removed from YouTube due to a "copyright claim" by EMI Publishing. EMI gets new chief in shake-up [FT.com] Jun. 18. The British record company reveals that Roger Faxon, chairman and chief executive of EMIs publishing division, is to step up to become chief executive of the entire group EMI on 'firm foundations for growth', claims Charles Allen [Telegraph.co.uk] Jun. 7. Troubled record label EMI's new executive chairman has claimed that the business is on"firm foundations for growth [in] the future" despite its mountainous debts. EMI owner agrees to top up funds [BBC NEWS] May 14. EMI's billionaire owner Guy Hands has raised new funds which should stop Citigroup taking control of the Coldplay firm. Terra Firma to inject more cash into EMI [FT.com] May 11. Guy Hands plans to tell Citigroup that he will inject more money into EMI to prevent the US bank from taking control of the music group behind bands such as Coldplay and Gorillaz. Guy Hands' investors vote on future of EMI record label [Telegraph.co.uk] May 9. Guy Hands, the private equity boss, will today face an investor vote that decides whether he keeps control of EMI, the debt-laden record label bought by his Terra Firma fund in 2007. Guy Hands agrees to cut amount he will ask from EMI investors [Telegraph.co.uk] Apr. 30. Guy Hands' Terra Firma has agreed to cut the amount of money it will ask investors for to plug the funding gap in its debt-laden music group EMI. Hands raises EMI stakes by playing for time [FT.com] Apr. 20. Terra Firma boss plans to ask investors in his private equity firm to put a further 360m into the music group, three times the sum he had said would be needed to make up shortfalls against loan covena... Terra Firma could sell stake in EMI if investors refuse to cough up [Telegraph.co.uk] Apr. 4. EMI, the struggling music label owned by billionaire Guy Hands's private equity fund, may be forced to sell shares to new investors if its current backers refuse to take part in a£120m plan...