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SIRIUS MEDIA Reduces Its Debt by Nearly €33M
On May 12, 2025, SIRIUS MEDIA announced a major settlement agreement. This agreement resulted in the cancellation of €32.7 million of its debt. This relief was the result of a protocol with its subsidiaries and creditors.
To achieve this objective, SIRIUS MEDIA has negotiated the payment of €1 million in full and final settlement. This arrangement covers vendor credits of €23.6 million and other receivables of €2.07 million. In addition, €7 million of acquisition-related debt is being waived.
This agreement satisfies creditors while significantly reducing the company's liabilities. It thus resolves the ongoing financial disputes. SIRIUS MEDIA is thus strengthening its position for future audiovisual growth.
R. H.
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