The publisher of adult magazine Penthouse said it plans to sell shares in an initial public offering, using the money to pay down debt. Friendfinder, which owns a string of websites along with Penthouse amd posted revenue of $346 million last year, said on Thursday it had hired Imperial Capital and Ladenburg Thalmann & Co to oversee the IPO. The company, in a regulatory filing, did not estimate how much stock it would sell or what the price of the shares would be. It said proceeds would be used be repay at least part of around $319 million in debt it issued last year.
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