Seven West Media refinances debt facilities

October 29, 2021 10:39

Seven West Media (SWM) has today refinanced its syndicated debt facility. The new facility delivers lower cost of funding, more flexible terms and maturity extended to October 2024.

The debt refinancing marks an important milestone in the company’s strategy, and reflects its focus in the past 24 months to reduce net debt by 57% to $240 million, and improve its balance sheet position to a leverage ratio below 1x by the end of the 2021 financial year.

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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