Mediahuis gets restated €150 million five-year loan for INM buyout

By Marisa Wong

Morgantown, W.Va., May 28 – Mediahuis NV entered into an amended and restated facility agreement on Tuesday for an up to €150 million term loan due May 28, 2024 to be used to finance its acquisition of Independent News & Media plc (INM), according to a news release.

Belfius Bank SA/NV, BNP Paribas Fortis SA/NV, ING Belgium SA/NV and KBC Bank NV are the lenders. ING Bank NV is coordinator, and KBC Bank is agent.

The loan bears interest at Euribor plus a margin. Exact pricing was not disclosed.

The restated facility replaces Mediahuis’ €150 million bridge loan dated April 30.

Mediahuis is an Antwerp, Belgium-based newspaper publishing and broadcast media company. INM is a media company based in Dublin.

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