Cyfrowy Polsat studying debt options

Polish pay TV operator Cyfrowy Polsat has confirmed that it is studying the feasibility of refinancing its existing debt to simplify its debt structure and optimise its position.

Cyfrowy Polsat said it had undertaken preliminary analytical work on refinancing its PLN13 billion (€3.2 billion) debt pile, with a view to reducing interest costs. It said it was also studying the possibility of removing restrictions on moving debt between group companies, to give it additional flexibility.