Seven renegotiates its $750m banking facility, lessening the pressure of its debt
Seven West Media has successfully negotiated a new deal with its banks, releasing the pressure of its debt and allowing it to continue with its transformation plan.
In an announcement to the Australian Securities Exchange (ASX) on Thursday, the media company advised it had secured a new deal for its $740m banking facilities with its eight existing lenders. This includes $250m it can use during COVID-19 to secure itself.
Seven has bought itself more time on its debt
