TV8 is going into debt with bond issue

TV8 TV Broadcasting will collect demand for a 98-day term bond with a nominal amount of 125 million TL between June 26-27. The simple interest rate for the company's bond issue was determined as 58 percent and the compound interest rate as 71.44 percent. TV8 is entering the debt market for the first time. According to the relevant documents seen by Bloomberg HT, the company will collect demand for a 98-day term bond issue with a nominal amount of 125 million TL between June 26-27. The annual simple interest rate for the company's bond issue was determined as 58 percent, while the compound interest rate was 71.44 percent. The authorized institution for the issue was Info Yatırım, and it was stated that the issue would be made to qualified investors. In the investor presentation, it was stated that Acunmedya recorded a consolidated income of 350 million dollars in 2023 and that the number of employees was 2,100. In the presentation, it was announced that TV8's income in 2023 was 3.9 billion TL. The company's number of employees was also stated to be 200. The presentation reported that the company's gross profit was TL 1.5 billion in 2023 and the gross profit margin was 37 percent. According to the presentation, EBITDA was recorded as TL 1.05 billion in the same period. During this period, the EBITDA margin was 27 percent. The company's total assets were TL 2.5 billion as of 2023, while its total financial liabilities were TL 1.1 billion. As of 2023, net debt was TL 523 million. Regarding the use of the financing bond issuance, the presentation included the following statements: "The company will use the funds it will obtain from the debt instrument issuances mainly in liquidity management and financing its working capital needs."