Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v2.4.0.8
Subsequent Events
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On October 18, 2013 (the “Purchase Date”), the Company acquired IFE Services Limited (“IFE Services”) from GCP Capital Partners LLP for approximately $36.2 million in cash. IFE Services is a leading provider of in-flight entertainment services to the airline and cruise line markets worldwide.
  

On the Purchase Date, and in connection with the IFE Services acquisition, (i) Putnam Equity Spectrum Fund purchased 2,453,472 shares of the Company’s common stock in exchange for aggregate gross proceeds (before expenses) of approximately $21.0 million, and (ii) the Company issued to PAR Investment Partners, L.P., a related party, a $19.0 million convertible promissory note due December 20, 2013, which note may, at the Company’s option, be repaid in cash or converted into shares of the Company’s non-voting common stock at price of approximately $8.56 per share upon its maturity date (the “PAR Note”). In connection with the issuance of the PAR Note, the Company paid PAR a one-time fee of approximately $1.0 million. The convertible note bears interest at an annual rate of 12%.