Sumner Redstone Struggling To Get Agreement On Refinancing

New York Post:

National Amusements, the movie-theater chain that controls Sumner Redstone's interests in Viacom and CBS, faces the difficult task of getting more than 50 institutions to unanimously agree on revised terms to refinance $800 million of the company's debt, The Post has learned.

The $1.6 billion debt load that National Amusements is carrying is divided into two $800 million pieces - one a bank loan and the other a private placement. The company is trying to refinance both simultaneously.

Read the whole story: New York Post

Comments

[Opt1musPr1me]

Sumner may very well have to sell pieces of his company to pay down some of this. The problem is, who wants to plunk down money on media at this moment.

[KCFreedom]

What's this guy got in his cheeks? Either he's going to have to get cosmetic surgery or he's going to have to wear a bra on them.

[kappa08]

call 9-1-1...th­is guy needs a sandwich

[string-em-up]

I'm sick of looking at this demonic reptile

[Lvm]

OMG--that was funny!

[brooklyncitizen]

He looks like CM Burns.Cree­py.