Seven West Media is seeking to refinance about $2.4 billion of debt, Bloomberg reports. The Australian media company intends to use the proceeds to refinance a $2.70 billion facility it signed in February 2007, which is due in 2013.
The lenders which helped arrange the 2007 offering include Citigroup, Goldman Sachs and Mizuho Financial Group. The 16 banks that committed the funds also included Commonwealth Bank of Australia, Industrial & Commercial Bank of China and Westpac Banking.
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