Endemol’s debt deal progresses

Two of Endemol’s key lenders have agreed a deal that will enable the TV producer, distributor and channel operator to more easily complete its restructuring.

The Financial Times reports that Endemol’s biggest lender, Barclays, has opposed the debt for equity restructuring favoured by other creditors. However, one of those creditors, Apollo, has acquired Barclays interest. The deal will leave the private-equity company with a 28% stake in the restructured Endemol.