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Ten Network Holdings Limited (ASX:TEN) has announced a new four-year, $200 million debt facility backed by its major shareholders, after widening its full-year loss to $285 million.
The result marks a significant widening on the $14 million loss posted in fiscal 2012.
The group says its net loss for the year was impacted by one-off, non-recurring charges for continuing operations of $336.2 million, including a non-cash television impairment charge of $292.1 million.
Ten will not pay a dividend.
The media group says its new debt facility is from Commonwealth Bank of Australia and was guaranteed by Ten's major shareholders associated with Bruce Gordon, Lachlan Murdoch and James Packer.
