By Dominic Powell and Emma Koehn.
Ten Network Holdings has been placed in a trading halt until Thursday.
The company told the the market on Tuesday that two of the shareholders guaranteeing the TV networks loan facility have refused to extend support for it beyond December.
The Australian reports financial advisors for Lachlan Murdoch and Bruce Gordon have informed the network they do not intend to provide support for Tens $200 million loan facility with the Commonwealth Bank after its expiration on December 23.
Tens Board is considering the position of the company in light of the position being taken by the two shareholders, company secretary Stuart Thomas said in a statement to the Australian Securities Exchang…
Read the full article at: http://www.smartcompany.com.au/business-advice/breaking-ten-network-in-trading-halt-westpac-outage-dampens-long-weekend-plutus-payroll-in-voluntary-administration/
