Fri 10/15/2021 10:38 AM
Spanish media group and Mediapro owner Imagina will likely secure another extension of its forbearance agreement, which runs out today, as its creditors weigh up competing restructuring proposals from sponsor Orient Hontai Capital, and creditors Searchlight and Invesco. The two funds have improved the terms of their offer amidst mounting doubts over the Chinese sponsor’s ability to fund its proposal, sources told Reorg.
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