Blackstone-Backed Encore Group May Sell Stakes to Raise Cash

Audio-visual and event-services company Encore Group USA LLC has been exploring options including raising equity ahead of upcoming debt maturities, according to people familiar with the situation.

Management of the Blackstone Inc.-backed firm said during an investor call Wednesday that Encore has been discussing selling minority stakes in the company with numerous financial institutions, said the people, who asked not to identified discussing a private matter.

Some of the people added the officials said Encore would look to refinance debt in either the public or private markets. Encore, formerly known as PSAV, has a combined $2.5 billion of loans ...