CBS (CBS -1.2%) -- which outmaneuvered Rupert Murdoch in a deal to buyAustralia's Ten Network -- has completed a transaction to refinance the troubled network's debt.
CBS is Ten's biggest creditor. It's funding about A$142.7M ($114.1M) to refinance the secured debt that Ten holds.
It's also made a working capital facility of about A$30M (about $24M) available as part of the transaction.
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