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BRIEF-Kordamentha Restructuring receives revised proposal from Birketu & Illyria to recapitalise Ten
September 15, 2017 / 8:47 AM / 2 months ago

BRIEF-Kordamentha Restructuring receives revised proposal from Birketu & Illyria to recapitalise Ten

Sept 15 (Reuters) - Ten Network Holdings Ltd

* Received DOCA proposal from Birketu and Illyria to recapitalise Ten Network

* Under terms of revised proposal , there will be increase in maximum payment to unsecured creditors from $35.0m to $55.0m

* Under revised proposal, Ten’s unsecured creditors, excluding CBS, will receive $35 mln compared to $32.0m under CBS transaction Source text for Eikon: Further company coverage:

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