Ten looks to refinance debt

Broadcaster hopes plan will allow it to invest, boost weak ratings.

Ten Network Holdings (TEN) is going to seek approval for a refinancing proposal that it hopes will give it room to invest in new content and boost lagging ratings, according to The Australian Financial Review.

The network reportedly hopes to refinance $150 million worth of debt related to a private placement to give it more breathing room.

The plan is expected to be announced alongside its full-year results, which will show a loss.

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