Prisa stretches $4 bil debt payment

MADRID -- Prisa, controlling investor of Spain's greatest pay TV platform, Digital Plus, has closed an offer with creditor banks to increase re-payment close to Euros2.92 billion ($3.8 billion) indebted to March 2014 in the earliest. Maturity on the $2.6 billion bridge loan, initially designed to Prisa in 2007 with a seven-bank syndicate brought by HSBC, is going to be put to The month of january 2015. Another syndicated loan is extended to March 2014, or December 2014 if Prisa sells bonds or its 17% stake in Mediaset Espana, Bloomberg recommended. Agreed with 35 banks, your debt extensions repetition an essential election of market confidence in Prisa, among the greatest media congloms within the The spanish language-speaking world, that also is the owner of The spanish language newspaper El Pais, radio network Cadena Ser and Portuguese TV holding Media Capital, who owns broadcaster TVI. As Prisa initiates what it really known as now a "growth policy," one affect from the loan extensions might be an increased appetite to find the best-notch product at Digital Plus, whose consumer base has languished around 1.8 million customers recently. "Prisa includes a obvious resolve for Digital Plus. It'll now make an effort to improve its content, some way," forecast one analyst. This Feb, Digital Plus acquired The spanish language privileges to choose UEFA Champions League soccer games for the following three seasons. Contact the range newsroom at news@variety.com