from www.rttnews.com – FriendFinder Networks Inc., an internet-based social networking and multimedia entertainment company, said Tuesday that it filed Amendment No. 4 to its Registration Statement on Form S-1 with the Securities and Exchange Commission for an initial public offering, or IPO, of its common stock.
The IPO process is expected to be completed by the end of 2009 and the company intends to list its common stock on the New York Stock Exchange under the symbol “FFN.”
The company intends to use the net proceeds from the offering to redeem a portion of its outstanding senior secured indebtedness and to pay waiver fees to certain debtholders.
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