New loan facility for Globopar

Globo Comunicações e Participações SA (Globopar), the holding company of the Brazilian media conglomerate Globo, has refinanced a one-year loan facility with a new loan facility arranged by Salomon Smith Barney Inc and JP Morgan Securities Inc. The new loan has a maturity of up to five years. TV Globo Ltda and TV Globo de Recife Ltda, the Brazilian television broadcasters, have guaranteed Globopar’s obligations. The transaction, which closed at the end of October, is valued at US$200 million.