More funding for MTG as Nova sale collapses

Sweden’s Modern Times Group has signed more bank funding related to spinning off Nordic Entertainment, as the media company’s talks with PPF to sell its Bulgarian business were scuppered after falling foul of regulators.

  • By Mike Turner
  • 08 Jan 2019

Modern Times Group (MTG) has signed a Skr1bn-equivalent ($112m) three year revolving credit facility that can be drawn down in multiple currencies in part or in full after Norway’s Nordic Entertainment is listed after being spun off.

MTG and Nordic Entertainment, known as NENT Group, will split into ...

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Global Syndicated Loan Volume

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3 Mizuho 972.79 2 3.82%
4 Citi 741.50 5 2.91%
5 Deutsche Bank 709.50 4 2.78%

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5 Citi 6,751.47 22 6.45%

Bookrunners of European Leveraged Loans

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2 SEB 160.81 1 1.47%
2 Nordea 160.81 1 1.47%

Syndicated Loan Revenue - EMEA

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1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%