28th May 2019 16:34
LONDON (Alliance News) - Mediahuis NV on Tuesday said it amended certain financing agreements in order to secure extra funding for the acquisition of Independent News & Media PLC.
Mediahuis said it entered into a facility agreement with Belfius Bank SA/NV, BNP Paribas Fortis SA/NV, ING Belgium SA/NV and KBC Bank NV as lenders for a term loan of EUR150 million to finance the acquisition.
The acquisition facility is repayable within May 2024.
In April, Mediahuis announced a EUR145.6 million deal for INM, which publishes the Irish Times amongst other titles. The offer for the entire firm was made at 10.5 euro cents per share.
INM shares were untraded at EUR0.10 each.