MTG secures new credit line

European free and pay broadcaster Modern Times Group has secured a SEK6.5bn (€150m) credit line. The five-year facility replaces an existing SEK3.5bn credit line that expires in February 2011.

The company is carrying about SEK3 billion of debt.

Separately, MTG said its online retailing business CDON has launched online toy retailer in Norway and will roll it out soon in Denmark and Finland.