Broadcaster refinances

Southern Cross Media has reached a deal with lenders to refinance $765 million of debt, as it tries to bring down its gearing. The broadcaster said the five-year debt facility included improved commercial terms and financial covenants. The facility will be funded by ANZ, NAB and Commonwealth Bank, as well as the Japanese banks Sumitomo and Mizuho.

By InvestSMART · 12 Dec 2013

By InvestSMART ·
12 Dec 2013

Share

Comments

Print

Southern Cross Media has reached a deal with lenders to refinance $765 million of debt, as it tries to bring down its gearing. The broadcaster said the five-year debt facility included improved commercial terms and financial covenants. The facility will be funded by ANZ, NAB and Commonwealth Bank, as well as the Japanese banks Sumitomo and Mizuho.

Share this article and show your support

Proudly

Broadcaster refinances

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}

{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password