Cyfrowy Polsat starts negotiations on refinancing its debt

Poland's largest media group Cyfrowy Polsat has launched talks with lenders to refinance its debt, Reuters reported citing the firm. Polsat informed in late April that it was mulling refinancing all of its debt worth PLN13 billion to simplify its structure. "As conditions in the financial market are favorable for large companies, we have been considering refinancing the current debt of the group in the near future," Tomasz Szeląg, the group's management board member responsible for finance said two months ago. "At this stage, we have been mainly considering a PLN loan and Polish treasury bonds," Szeląg also pointed out.