
MONTREAL—Grass Valley has announced the successful completion of a $220 million strategic refinancing led by certain investment funds managed by Morgan Stanley Private Credit.
Grass Valley said that the strategic refinancing for the company, which is backed by the private equity firm Black Dragon Capital, will both strengthen the company’s balance sheet and refinance existing debt. It will also further position Grass Valley to "lead the reimagination of the future workflow for media through its Grass Valley Media Universe (GVMU) suite of solutions," the company said.