CanWest reprieve (again)

Canwest Global Communications Corp. received another two-week extension, until May 19, in talks with debt obligations with senior lenders and U.S. bondholders.

Noted the Hollywood Reporter, “The latest extension came as Canwest Global faced a Tuesday night deadline to make an overdue $30.4 million payment to 8% U.S. bondholders.”

The Canwest press release is here.

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