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News: TEN Kordamentha Restructuring receives revised proposal from Birketu & Illyria to...

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    15/09/17
    18:50
    Post #: 27254850

    Sept 15 (Reuters) - Ten Network Holdings Ltd (TEN)

    • Received DOCA proposal from Birketu and Illyria to recapitalise Ten Network
    • Under terms of revised proposal , there will be increase in maximum payment to unsecured creditors from $35.0m to $55.0m
    • Under revised proposal, Ten's unsecured creditors, excluding CBS, will receive $35 mln compared to $32.0m under CBS transaction
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