.
Dublin - Indebted Irish publisher Independent News & Media plans to ask its lenders to write off up to ?100 million ($127 million) of debt as part of a wider overhaul, Britain's Sunday Times reported.
The company on Friday said it will need urgent and substantial restructuring in response to high levels of debt and tough trading. A spokesman on Sunday declined to comment on the report that the company was seeking to write off debt.
The publisher hopes to secure agreement on the debt write-off with a consortium of eight banks by early next year, the newspaper reported without citing sources.
The restructuring will also include a rights issue, a radical cost-cutting programme and the sale of the company's South African unit, the report said. - Reuters
Source: http://www.iol.co.za/indy-eyes-100m-debt-write-off-paper-1.1425658
cpac straw poll i will always love you whitney cummings maine caucus whitney houston has died blue ivy carter whitney houston death
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন