Media company Nine Entertainment (ASX:NEC) signed binding agreements to refinance its existing corporate debt facilities, upsizing its loans to AU$900 million from AU$750 million, according to a Tuesday filing with the Australian bourse.
The new facilities will comprise three-, four-, and five-year revolving cash advance facilities of AU$800 million and a one-year AU$100 million working capital facility, the filing said. They will replace the current AU$750 million facilities expiring between this month and December 2027. The same terms will apply.
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