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BRIEF-Cyrus Capital makes offer for bankrupt ION Media

Wed Nov 11, 2009 5:46pm EST

Nov 11 (Reuters) - ION Media Networks:

Mergers & Acquisitions  |  Bonds  |  Global Markets  |  Private Capital  |  Bankruptcy

* Cyrus Capital Partners offers to refinance debtor-in- possession bankruptcy loan for ION Media Networks Inc - letter

* Cyrus Capital Partners offers to invest $250 mln in exchange for 62.5 pct of the reorganized company - letter



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