New beginning for debt-hit NTL

NTL says it is setting out on a "new beginning" after the company successfully emerged from Chapter 11 bankruptcy protection.

New beginning for debt-hit NTL
Mon, 13 Jan, 2003 - 05:51

NTL says it is setting out on a "new beginning" after the company successfully emerged from Chapter 11 bankruptcy protection.

The company completed its life-saving financial overhaul when lenders agreed to swap £6.8bn (€10.3bn) in debt for shares and bonds.

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