The Age ·australia ·3 hours ago

Kyle Sandilands settles $12 million with ARN amid mounting financial troubles

Kyle Sandilands settled for $12 million with ARN this week as he faced mounting debts from several mortgages. His most pressing loan, up to $2 million, carries staggering interest rates of 19.75% to 29.75%, which has pushed him to sell his Glenorie home. Sandilands, struggling with cash flow, has reduced the property's price to $4.9 million.

Summary by OZbrief · The Age

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