CTC snares $135 mil loan facility


MOSCOW -- CTC Media, Russia's leading independent media company, has announced the signing of a $135 million amortizable syndicated term-loan facility arranged by ABN AMRO Bank, BNP Paribas, ING Bank, Raiffeisen Zentralbank Oesterreich Aktiengesellschaft and ZAO Raiffeisenbank.

The loan will be used to repay the group's outstanding debt to Modern Times Group incurred from April's acquisition of DTV Group as well as "general corporate purposes," CTC said.