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BRIEF-TVN to buy back all 2018 and 10-20 pct of 2020 senior notes in H2

Published 2015-08-04, 04:45 a/m
© Reuters.  BRIEF-TVN to buy back all 2018 and 10-20 pct of 2020 senior notes in H2
TVN
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Aug 4 (Reuters) - TVN SA TVN.WA
* Polish private broadcaster TVN plans to buy back all of
its outstanding notes due 2018 and 10-20 percent of its
outstanding senior notes due 2020 by the end of this year, the
company's chief financial officer John Driscoll told a news
conference on Tuesday.
* TVN closed the first half of 2015 with its net debt at 1.9
billion zlotys, with net debt to core profit EBITDA ratio at 3.6
times.
* "This is yet to be discussed with our new main
shareholder, but this is our intention. By the end of the week
we will formally announce the buy back of 10-20 pct of 2020
senior notes," Driscoll said.
* The company's chief executive said he expected the Polish
advertising market to be stronger in the second half of this
year than in the first one.

Further company coverage: TVN.WA

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