CVC adds equity as PBL Media looks for covenant waiver

Private equity firm CVC Capital Partners is to inject more cash into the struggling PBL Media to prevent a covenant breach on one of Asia’s biggest leveraged loans.

  • 27 Oct 2008
CVC is putting a hefty $335m of new equity into the media company, with $75m to go into a reserve account and the remaining $260m would be used to pay down debt. In return, it is asking lenders to relax a covenant that requires PBL Media to reduce ...

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GlobalCapital European securitization league table

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1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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4 Citi 11,878.92 43 7.48%
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