on MADVERTISE (EPA:ALMNG)
Debt reduction and new financing for Sirius Media
Audiovisual player Sirius Media announces an agreement in principle to reduce its debt by €30 million. This initiative includes the renegotiation of debt related to the acquisition of Triple A and Sirius Media Production, following the disappointing results of the film "Zak and Wowo: The Legend of Lendarys." The group plans to settle the balance of €1 million, divided into seven installments.
In addition, the group is launching a convertible bond financing with a potential €4 million from Atlas Capital Markets. This financing aims to support the company's ongoing operations and growth. However, this approach carries potential risks of shareholder dilution and share price fluctuations.
R. H.
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