INM hopeful of restructuring agreement

Independent News & Media has said that it remains confident of reaching agreement on the company's debt with its syndicate of senior lenders and with an ad hoc committee of holders of €200m in 5.75% guaranteed bonds.

In a statement the company confirmed that its discussions with lenders and bondholders have advanced significantly, but have yet to be finalised and would require the ultimate agreement of all parties (including that of the INM Board).