9th May 2014 06:00
LONDON (Alliance News) - Johnston Press is close to finalising the terms of a refinancing aimed at providing breathing space for the board of one of the UK's biggest publicly-quoted newspaper groups, Sky News reports, without saying where it got the information.
The agreement is expected to involve in the region of GBP140 million being raised from a placing of shares and rights issue, as well as an extension of Johnston's debt facilities for several years beyond their existing expiry date of 2015, City Editor Mark Kleinman said.
http://news.sky.com/story/1258011/scotsman-owner-closes-in-on-140m-share-sale
By Steve McGrath; [email protected]; @SteveMcGrath1
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Johnston Press PLC