Lenders ‘will reject debt plan’ for CVC-backed Nine
CVC Asia Pacific's proposed debt restructuring plan for its portfolio company Nine Entertainment is expected to be rejected, following talks between the private equity firm and lenders on Friday.
Any renegotiation of the terms of Nine's A$2.6 billion ($2.59 billion) in senior loans is instead unlikely to take shape until nearer to the February 2013 repayment deadline, according to The Australian....
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