Monday 29 June 2009

Johnston Press refinancing update

Johnston Press made the following announcement today: "As previously announced, Johnston Press has been in discussion with its lenders regarding refinancing the Company's existing facilities.
"As part of these ongoing constructive negotiations, the Company is pleased to announce that it has agreed with its lenders to defer the testing of certain covenants at 30 June 2009, the Company's interim period end, to 31 August 2009 pending the outcome of its discussions with its lenders.
"The Company will provide a further update on its refinancing discussions at the time of the Interim Results announcement."
Via Tom McGowran

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