{"id":27636,"date":"2012-02-27T08:59:05","date_gmt":"2012-02-27T13:59:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27636"},"modified":"2012-02-27T08:59:05","modified_gmt":"2012-02-27T13:59:05","slug":"cvc-rebuffs-hedge-fund-plan-to-restructure-nine-debt-source","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2012\/cvc-rebuffs-hedge-fund-plan-to-restructure-nine-debt-source.html","title":{"rendered":"CVC rebuffs hedge fund plan to restructure Nine debt: source"},"content":{"rendered":"<p>Reuters &#8211; Private equity firm CVC has failed to respond to a proposal by hedge funds that own a large chunk of $2.9 billion in debt owed by its Australian TV network Nine Entertainment to convert their debt into equity, a source told Reuters on Monday.<\/p>\n<p>The hedge funds, Oaktree Capital and Apollo Global Management , put their restructuring proposal &#8212; which would see hedge funds take control of Nine &#8212; to CVC on Friday in a letter and again requested a meeting with the buyout firm, the person with knowledge of the situation said.<\/p>\n<p><a href=\"http:\/\/www.baltimoresun.com\/business\/sns-rt-us-nine-entertainment-cvctre81q04a-20120226,0,6544308.story\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Private equity firm CVC has failed to respond to a proposal by hedge funds that own a large chunk of $2.9 billion in debt owed by its Australian TV network Nine Entertainment to convert their debt into equity, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27636","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=27636"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27636\/revisions"}],"predecessor-version":[{"id":27637,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27636\/revisions\/27637"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}