Goldman tables Nine Entertainment debt proposal – report
Goldman Sachs has reportedly put together a restructuring proposal for Nine Entertainment that would see the Australian company’s A$3.8 billion ($3.9 billion) in debt convert to equity, writing off the vast majority of CVC Capital Partners’ investment.
Mezzanine debt funds operated by Goldman are owed about A$1 billion by Nine, while A$2.8 billion in senior debt - scheduled for repayment in February 2013 - is predominantly held by hedge funds Oaktree...
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