PRISA extends its bridge loan for one year

PRISA has agreed with the banks of its bridge loan (HSBC, La Caixa, BNP, Banesto, Caja Madrid and Natixis) one year extension until March 31th 2010. The agreement reached with the banks will allow PRISA to develop a stable financial structure in the medium and long term, in line with its strategic business plan.

The agreement signed shows the support and the confidence of the banks in the solid and diversified portfolio of PRISA businesses, which are able to keep a solid cash generation despite the current economic conditions.

During this period of time and with the support of the whole financial entities, PRISA will establish a business and financing plan which will reinforce its financial and capital structure and will place its different businesses to face the national and international opportunities of the Group.

In other words, PRISA is providing itself with the sources that will allow not only the structuring of a plan to face its financial obligations but also the impulse of the future development of its activities in the current market conditions.