BBTV Seeks to Improve Balance Sheet to Attract New Debt Financing
October 12 2022 - 8:08AM
Dow Jones News
By Adriano Marchese
BBTV Holdings Inc. said it is looking to improve its balance
sheet to attract new debt financing to help the company during the
current uncertain macroeconomic environment.
The Canadian media and technology company said Wednesday it is
working with lender RTL Group in an effort to secure the financing
to help provide BBTV with better access to additional working
capital, as well as to develop its Plus Solutions business and
other growth initiatives.
RTL Group has reduced its debt under the secured convertible
promissory loan note by around 12.8 million Canadian dollars
(IS$9.3 million) to C$19.2 million, BBTV said.
All other terms remain unchanged, including RTL Group's right to
convert its debt maturity in May 2026 to subordinate voting shares
of BBTV, the company said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 12, 2022 07:53 ET (11:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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