{"id":2527,"date":"2010-01-13T18:53:56","date_gmt":"2010-01-13T17:53:56","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=2527"},"modified":"2022-06-09T12:30:07","modified_gmt":"2022-06-09T11:30:07","slug":"terra-firma-back-on-solid-ground","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/terra-firma-back-on-solid-ground\/","title":{"rendered":"Terra Firma Back On Solid Ground"},"content":{"rendered":"<p>Terra Firma has had some <a href=\"http:\/\/www.thisismoney.co.uk\/markets\/article.html?in_article_id=497184&amp;in_page_id=3&amp;position=moretopstories\">good news<\/a>; despite the extremely sour grapes evidenced by their lawsuit against Citigroup for misrepresenting the level of auction interest in purchasing EMI, they&#8217;ve managed to pass both EMI and EMI&#8217;s publishing arm through the financial hoops that Citibank has imposed on them to meet the terms of the loan agreement that Terra took out to fund the purchase of the embattled record label in the first place.<\/p>\n<p>However bleak last year&#8217;s SEC filings made EMI&#8217;s financial outlook seem, they are still obviously able to keep up their interest payments, although I&#8217;d suspect that their management won&#8217;t be enjoying the kind of bonus package that was delivered to <a href=\"http:\/\/www.hypebot.com\/hypebot\/2009\/03\/wsj-names-wmgs-edgar-bronfman-to-excessive-ceo-bonus-list.html\">WMG&#8217;s top dogs this Christmas<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra Firma has had some good news; despite the extremely sour grapes evidenced by their lawsuit against Citigroup for misrepresenting the level of auction interest in purchasing EMI, they&#8217;ve managed to pass both EMI and EMI&#8217;s publishing arm through the financial hoops that Citibank has imposed on them to meet the terms of the loan agreement that Terra took out to fund the purchase of the embattled record label in the first place. However bleak last year&#8217;s SEC filings made EMI&#8217;s financial outlook seem, they are still obviously able to keep up their interest payments, although I&#8217;d suspect that their&#8230;<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[490,2137,489],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Terra Firma Back On Solid Ground - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/terra-firma-back-on-solid-ground\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra Firma Back On Solid Ground - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Terra Firma has had some good news; despite the extremely sour grapes evidenced by their lawsuit against Citigroup for misrepresenting the level of auction interest in purchasing EMI, they&#8217;ve managed to pass both EMI and EMI&#8217;s publishing arm through the financial hoops that Citibank has imposed on them to meet the terms of the loan agreement that Terra took out to fund the purchase of the embattled record label in the first place. 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