News: TEN Ten Network receives correspondence from financial advisers to Illyria and Birketu

June 13 (Reuters) - Ten Network Holdings Ltd (TEN) :

• TEN received correspondence from financial advisers to Illyria Pty Limited and Birketu Pty Limited
• Board considering position of co in light of position being taken by Illyria and Birketu and range of restructuring and refinancing initiatives it has underway
• Correspondence confirms that those guarantors do not intend to extend or increase their support for co's credit facilities beyond term of current facility
• Pending determinations over coming days, Ten considers that its shares will not be able to trade on an informed basis and accordingly requests trading halt
• Expects that an announcement outlining board's determination will end trading halt