CVC and Goldman Sachs (GS) forge a deal to convert A$975M ($1.03B) of mezzanine loans in Nine...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

CVC and Goldman Sachs (GS) forge a deal to convert A$975M ($1.03B) of mezzanine loans in Nine Entertainment into equity on the condition the P-E firm will be able to refinance Nine's A$2.7B of senior debt - some of which is held by  Apollo (APO) - the WSJ reports. CVC is due to hold U.S. and U.K. roadshows this week for the restructuring.