CVC-backed Nine avoids receivership as lenders reach agreement
Lenders to CVC Capital Partners-backed Nine Entertainment, the beleaguered Australian TV network, have reached an agreement to save the company from being put into administration.
According to The Australian, US hedge funds Apollo Global Management and Oaktree Capital, the biggest holders of the firm's A$2.3 billion ($2.4 billion) in senior debt, conceded extra ground and gave mezzanine...
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