Block Communications Inc., founded in 1939 and headquartered in Toledo, Ohio, is a diversified media and communications company committed to delivering exceptional news and information services. The company primarily operates cable television systems, publishes newspapers, and offers digital media services, making it a key player in its regional markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| BLOCKC 4.88% 2028-03-01 USDBlock Communications Inc. | United States | 2028-03-01 | 4.875 | 7.90 |
| BLOCKC 4.88% 2028-03-01 USDBlock Communications Inc. | United States | 2028-03-01 | 4.875 | 8.19 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Block Communications Inc. began issuing bonds in the early 2000s, with significant issuances such as the $50 million bond series in 2010, aimed at financing expansion projects. The company’s current bonds have yielded around 5%, slightly above the industry average of 4.5%, reflecting investor confidence in its stable cash flows from its media operations. In 2021, Block Communications also introduced a unique feature in its bond offerings, allowing investors to convert bonds into equity under certain conditions, a move that has attracted interest from retail investors.