Nine tables deal in bid to avoid administration
Linkedin

Nine tables deal in bid to avoid administration

Seattle : WA : USA | Oct 09, 2012 at 5:15 PM PDT
Source: The Age
XX XX
Views: Pending
 
The two classes of debt holders are in a standoff about whether the company is worth enough to warrant the less secure lenders, represented by Goldman Sachs, receiving a share of the company as part of a debt for equity swap designed to save Nine from collapse. FULL ARTICLE AT The Age
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
  • Credibility
  • Wait... Flag
 
 
Advertisement
 

News Stories

 
  • Goldman backs Nine Entertainment's debt-for-equity deal

      Turks and Caicos Free Press
    Funds run by Goldman Sachs Group Inc agreed to swap debt for equity in CVC Capital Partners Ltd 's Nine Entertainment as the beleaguered Australian television network scrambled to avoid going into receivership. Other lenders including hedge funds...
  • Goldman agrees to Nine debt deal

      Australian Broadcasting Corporation
    The global investment bank has agreed to Nine's proposal for mezzanine lenders to accept shares and warrants in the company valued at more than $150 million. The bank informed Nine's board this morning that it was prepared to accept the proposal put...
  • Goldman Sachs agrees to Nine debt deal

      The Courier-Mail
    Nine's junior lender Goldman Sachs has accepted a debt restructuring proposal, a move which boosts the broadcaster’s chances of staying out of receivership. Goldman has agreed to accept a 7.5 per cent shareholding in the company, a further 12.5 per...
  • MacKenzie pulled from Nine's board

      The Daily Telegraph (Australia)
    Laudisio Curti believed police were "bad people" and he would be dead before the end of the year after taking a mind-altering drug, a coroner heard...CVC Capital has pulled managing partner Adrian MacKenzie from the board of Nine amid the multi...
  • MacKenzie pulled from Nine's board

      Adelaide Now
    CVC Capital managing partner Adrian MacKenzie has quit the board of Nine Entertainment in a sign the network's private equity owners will accept a massive multi billion loss as the company is carved up between lenders. CVC has struggled with Nine...
  • Goldman agrees to Nine's equity proposal

      Sydney Morning Herald
    Goldman has told Nine's directors that it will not negotiate any further after accepting their proposal. This means that if the senior lenders walk away from the proposal Nine may have no option other than to appoint administrators to the owner of...

More From Allvoices



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.