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Seven West Up For $440M From Sales Proceeds | media

mediaSeven West Media, one of the top players in the entertainment industry, is at the verge of losing the business to an advertising slump that has brought about huge debts into the company. 

 

To bounce back from such an unfortunate event, the Seven West Media decided to raise $440M funds from trading its shares in the stock market. Proceeds from the sale shall be used to pay for a significant portion of its debt that might place the company at the danger zone. Such a strategy is expected to save the company’s Seven Network, as well as, The West Australian. According to analyst Julia Lee of Bell Direct equities, raising some huge capital is likely to redeem the balance sheet of the company currently burdened by overwhelming liabilities.

While confronted with $1.875B debt, Seven West Media is looking to reduce its liabilities to $1.44B net debt through trading of shares. In a statement, the company revealed that Kohlberg Kravis Roberts and Seven Group Holdings have already expressed their interest to participate in the trade for full entitlements. Nonetheless, the remainder has been underwritten, too. 

On July 16th, the Seven West Media called for a trading halt to express its intention to raise some funds amounting to $440M from trading some shares. The trading halt, in particular, is expected to last for a day. With $473M net income for the latest financial year, above the $460-470M forecast, the company’s shares shall likely be attractive to investors.

 

There is no doubt that TV and print media have lost active advertising trend to the advent of online shopping.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seven West Up For $440M From Sales Proceeds

Seven West Media, one of the top players in the entertainment industry, is at the verge of losing the business to an advertising slump that has brought about huge debts into the company. 

To bounce back from such an unfortunate event, the Seven West decided to raise $440M funds from trading its shares in the stock market. Proceeds from the sale shall be used to pay for a significant portion of its debt that might place the company at the danger zone. Such a strategy is expected to save the company’s Seven Network, as well as, The West Australian. According to analyst Julia Lee of Bell Direct equities, raising some huge capital is likely to redeem the balance sheet of the company currently burdened by overwhelming liabilities.

While confronted with $1.875B debt, Seven West is looking to reduce its liabilities to $1.44B net debt through trading of shares. In a statement, the company revealed that Kohlberg Kravis Roberts and Seven Group Holdings have already expressed their interest to participate in the trade for full entitlements. Nonetheless, the remainder has been underwritten, too. 

On July 16th, the Seven West called for a trading halt to express its intention to raise some funds amounting to $440M from trading some shares. The trading halt, in particular, is expected to last for a day. With $473M net income for the latest financial year, above the $460-470M forecast, the company’s shares shall likely be attractive to investors.

There is no doubt that TV and print media have lost active advertising trend to the advent of online shopping.