NAB offloads debt in CVC-backed Nine Entertainment
National Australia Bank (NAB) has sold off its entire holding of debt in CVC-backed Nine Entertainment. The bank offloaded A$86 million ($90 million), with media reports quoting a price of A$0.85-087 on the dollar.
The interest was sold to an investment bank said to be acting on behalf of a distressed asset investor. Nine Entertainment's A$2.7 billion in senior debt, due for repayment next February, is now predominantly...
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