Television network operator Telediffusion de France (TDF) is seeking to restructure $6.1 billion of loans, Reuters reports. The amendment is likely to include a reset on its banking covenants to give it flexibility and a maturity extension. The company attained the bulk of its loan to back an investment in the business by private equity firms TPG and AXA Private Equity in 2007. TDF owns television and radio masts, as well as satellite and internet operations.
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