Dutch TV firm Endemol has deal with most creditors

THE HAGUE Jan 19, 2012 Dutch TV producer Endemol, creator of "Big Brother" and other hits, said it had outlined an agreement with most of its creditors to restructure debts of more than two billion euros.

"A significant majority, representing more than two-thirds of lenders, have reached agreement in principle regarding a restructuring of the Group's capital structure," said a company statement.

"In the coming weeks, the company and its lenders will continue discussions and work towards finalising documents for the legal implementation of a successful restructuring," the statement added.

The Amsterdam-based company has been in talks with its banks for several months to restructure its more than two billion euro ($2.5 billion) debt Endemol is controlled by Mediaset, Wall Street giant Goldman Sachs and Cyrte Investments, an investment fund belonging to Endemol's founder John De Mol.