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Byron Allen Stresses Deleveraging as Media Firm’s Loan Hits Lows
Source: Bloomberg
Credit & Bond MarketsCompany FundamentalsManagement & Governance
Allen Media Group CEO Byron Allen told investors the company is focused on deleveraging but did not explain how it will address looming debt maturities, according to people familiar with the call. The absence of a stated refinancing or repayment plan highlights potential balance-sheet and liquidity risk for the media company.
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