Mediapro claims to have “definitively resolved” financial uncertainties caused by the Covid-19 pandemic after reaching a debt refinancing agreement.
The international broadcast production group and rights agency said it has reached an agreement with its creditor funds to refinance its financial debt, which amounted to over €900m ($963.1m). The agreement includes a €620m capital increase with immediate effect, fully subscribed by the group’s majority shareholder, Singapore-based Southwind Group.
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