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TMCNet:  Lenders to vote on Nine's revamp

[January 20, 2013]

Lenders to vote on Nine's revamp

Jan 20, 2013 (The Australian - ABIX via COMTEX) -- The senior and mezzanine debt holders of Nine Entertainment Company will vote on a proposed scheme of arrangement on 21 January 2013. Oaktree Capital and Apollo Global Management will gain control of the media group if the $A3.4bn recapitalisation is approved. The media group would then a debt of $A700m, and would most likely pursue an IPO within 18 months.


Publication Date: 21 January 2013 NINE ENTERTAINMENT COMPANY PTY LTD NINE NETWORK AUSTRALIA LIMITED OAKTREE CAPITAL MANAGEMENT LLC APOLLO GLOBAL MANAGEMENT LLC FEDERAL COURT OF AUSTRALIA CVC ASIA PACIFIC (AUSTRALIA) PTY LTD GILBERT AND TOBIN LAWYERS FOX NETWORKS GROUP PUBLICIS MOJO PTY LTD NINEMSN PTY LTD SOUTHERN STAR CORPORATION ENDEMOL ENTERTAINMENT HOLDING NV ASX LIMITED - ASX ASX UBS AG

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