CKX Readies For Stock Offer

CKX, Robert Sillerman’s entertainment licensing company, is looking at a secondary stock offering in the second quarter.

The company has short-term senior loans coming due in February, used for the purchase of Elvis Presley Enterprises and 19 Entertainment.

In its annual report to the Securities and Exchange Commission, CKX gave no assurance it would be able to repay the loans but, because of its cash on hand and cash through operations, CKX felt it had sufficient funds for its operations.