Southern Cross Media Group Limited (ASX: SXL) has successfully arranged the refinancing of its syndicated debt facilities for an additional three years. The debt refinancing has been provided by a consortium of six banks.
- The new facilities would include a 3-year revolving $435 million facility and one year $25 million facility.
- The refinancing would be used to repay $325 million of drawn debt and to support the business.
By 1:15 PM AEST, SXL was trading at $0.9, down by 1.64% from the last close.