MediaWorks owners hire Goldman ahead of crunch debt talks

(Image: NZME)

Thu, 09 Nov 2023

The owners of MediaWorks have hired Goldman Sachs ahead of crunch debt talks that could result in lenders forcing a sale of the business.Oaktree Capital Management and Quadrant Private Equity have enlisted the investment bank as discussions continue over the future ownership and debt structure of the ailing company.Sources told BusinessDesk that the private equity firms face calls to inject more than $50 million into the radio and outdoor advertising group or risk lenders taking control and forcing a sale to recoup their money.Creditors are sai...

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