EyeQ Tech review EyeQ Tech EyeQ Tech tuyển dụng review công ty eyeq tech eyeq tech giờ ra sao EyeQ Tech review EyeQ Tech EyeQ Tech tuyển dụng crab meat crab meat crab meat importing crabs live crabs export mud crabs vietnamese crab exporter vietnamese crabs vietnamese seafood vietnamese seafood export vietnams crab vietnams crab vietnams export vietnams export
Keith J. Kelly

Keith J. Kelly

Media

American Media extends CEO’s contract through 2021

American Media, owner of the National Enquirer, Star and Men’s Fitness, quietly gave CEO David Pecker a five-year contract extension that carries him through 2021.

Compensation details of the new deal could not be learned, but Pecker just completed a contract with a compensation package of about $1.5 million a year.

One source close to the situation at American Media said the board “extended and upped” Pecker’s package.

News of the new contract was buried in the details about a new refinancing deal that cut the interest rate on the 11 ¹/₂ percent junk bonds due at the end of 2017.

The first lien notes now carry an interest rate of 5 ¹/₂ percent are due in 2020. The new arrangement will shave about $20 million from annual interest payments on AMI’s roughly $330 million in total debt.

Chatham Assets is both the majority stockholder, with a stake of about 78 percent, and a major bondholder. Leon Cooperman holds just under 10 percent of the stock.