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ProSiebenSat.1 improves debt position

Germany-based broadcaster ProSiebenSat.1 has successfully amended and extended its debts, with the group’s lender agreeing to partially extend the maturity of its term loans from July 2014 and July 2015 to July 2016 in the amount of €2.1 billion.

ProSiebenSat.1 is also to use €1.2 billion from the now completed sale of its Belgian and Dutch assets for the partial pre-payment of its existing term debt this month. Total debts after the repayment will amount to €2.4 billion.