The media will contract with nine banks this week for a loan of up to 1.7 billion dollars.

Summary: According to Thomson Reuters, citing sources said the media will be signed this week with nine banks to obtain a maximum of 1.7 billion U.S. dollars of loans, the loan is divided into three parts, will be used to help the media from the Nasdaq exit. There will be nine signed banks

According to a source quoted by Thomson Reuters, the media will contract with nine banks this week for up to $1.7 billion trillion in loans, which are divided into three parts to help the media out of the Nasdaq.

The signing bank will have a total of nine mergers and acquisitions consultants Citigroup, Credit Suisse and DBS Bank, as well as BofA Merrill Lynch, China National Development Bank, China Minsheng Bank, Deutsche Bank, ICBC and UBS Group.

The loan is divided into three parts: 1 billion dollar fixed loan, 450 million dollar cash bridge loan and 200 million USD five-year standby letter of credit.

Analysts have previously estimated the 2012 years of interest, tax, depreciation and amortization profits (EBITDA) for the media. For 371 million-462 million dollars, the financing case, based on estimates, would be 3.67 to 4.5 times times the leverage of the 450 million dollar cash bridge loan, excluding the bridging loan component, which would be 2.7 to 3.36 times times the leverage ratio.

A source said the sponsors would make a formal offer after signing a loan with nine banks.

The US private-equity firm, Carlyle Group, is one of the consortium members who issued a 3.5 billion-dollar privatisation offer to the media, including Citic Capital (Citic), CDH, China Everbright Holdings Limited, FountainVest Capital, and divided the media chairman Jiangnan Spring.

In August this year, the Jason announced that its chairman, the consortium, had proposed to privatize the company, offering 27 US dollars per share of US depository shares and a valuation of 3.5 billion U.S. dollars for the audience. The latest report shows that Jiangnan Spring has a 17.9% stake in the company.