A deal by the private equity owner of TV3 with Anglo Irish Bank to make no repayments and incur no interest on an €80 million loan until the station is eventually sold, has been described as 'proactive and pragmatic' by NCB Corporate Finance.
The debt restructuring was viewed by some as a lenient repayment arrangement by a state-owned bank to TV3's private equity owner Doughty Hanson. However, a note by Michael Hussey in NCB said...
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