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DOUGLAS, Isle of Man - Eros Media World PLC, a global media and entertainment company, has communicated with the Trustee overseeing its £50 million bond issuance, assuring that the payment of the Upfront Cash Consideration and Consent Fee, along with the accrued interest at 9.00% per annum, will be made as soon as possible. This follows an earlier announcement on February 28, 2025, regarding the company’s intention to fulfill its financial obligations related to the bonds due in 2026.
The company has already secured a Charge over Shares for the Delayed Cash Consideration, which constitutes 89.15% of the total Cash Consideration, and is actively working to resolve the payment issue. Investors have been promised an update once the company is in a position to proceed with the payment.
Eros Media World Plc specializes in acquiring, co-producing, and distributing films, digital content, and music across various platforms, including theatrical releases, television, OTT digital media streaming, and the emerging web 3.0 ecosystem. The company’s commitment to paying the Upfront Cash Consideration and Consent Fee is a significant step in maintaining its financial obligations to its bondholders.
The information regarding the bond payment is based on a press release statement from Eros Media World PLC.
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