TV Loonland restructures

Debt reduced after agreement is reached with its bankers.
Publish date:
Social count:

Children's media company TV Loonland has reached an agreement with its bankers in respect of the restructuring of the firm's debt.

The main elements of the package are that the E20 million debt due to the banks will be reduced to E6 million and a minimum capital increase of E2 million will be carried out.

Subsequently to this capital increase, the E14 million waived by the banks will be converted into a maximum of a ten per cent shareholding in the company's new capital, following a second capital increase as a debt for equity swap for this ten per cent.

The full details of the restructuring package will be presented to the shareholders for their approval at the forthcoming AGM, the date of which will be announced shortly.

The accounts for the financial year 2006 and for both the first and second quarter of 2007 will be published shortly.

Once the package has been approved, TV Loonland is looking forward to fully executing its business plan for the coming years with all of its new titles.



TV Trends - Adspend analysis

Mattel has regained its usual spot at the top of the share chart this month after a comparatively quiet February, more than doubling its estimated spend share ahead of Hasbro.


Contender Group restructures

Licensing specialist, Contender, has announced a new corporate structure, splitting into two separate divisions - Contender Home Entertainment and Rubber Duck Entertainment.


Trends set for TV debut

Trends UK is celebrating a milestone, with the creation of its first TV campaign for its National Geographic-branded Planetarium product.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.