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| | Bloomberg.com: Latin America |
 | | Globo Comunicacoes e Participacoes SA, the Brazilian group's debt finance and holding company unit, is ready to pay $200 million to repurchase bonds and will offer new bonds for other debt, the company said in statement. |
 | | The Globo group, which borrowed in the late 1990s to fund expansion of its television, cable, printing and Internet businesses, needs to restructure its obligations to reduce debt payments that are limiting its ability to invest in TV production, its main source of revenue, Pereira said. |
 | | Under the plan, Globo will pay as much as $200 million in cash for outstanding debt, offering holders of debt guaranteed by TV Globo between 50 cents to 70 cents per dollar of bonds held, the price to be determined by Dutch auction. |
| quote.bloomberg.com /apps/news?pid=10000086&refer=latin_america&sid=ao6l1EkFNo1Y (814 words) |
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