CVC Asia Pacific is considering refinancing up to $3.7 billion in debt at its Nine Entertainment TV network, Reuters reports. Nearly $2.761 billion in senior debt is due to mature in February 2013 and nearly $955.67 million in mezzanine debt is due in April 2014.
The private equity firm may either consider a debt refinancing or a debt-for-equity swap. The firm is not planning an IPO because of market conditions. CVC put nearly $1.91 billion of equity into Nine when it acquired the company in 2006.
Click here for the story from Reuters.