TDF Group has got approval from over 90% of lenders to revise and extend €4.2 billion worth of loans, Reuters reports. The private equity-backed French TV network operator has also secured approval for a €500 million high-yield bond issue.
The company also intends to use €150 million of the bonds to partly refinance debt of its subsidiary Taunus Media Broadcast. TDF is also seeking to combine Taunus Media Broadcast with its other unit Tyrol.
Click here for the story from Reuters.