UK directories group Yell gets green light for debt plan

Directories group Yell today said it had finally won sufficient support from lenders to press ahead with plans to refinance its £3.8bn (€4.2bn) debt mountain.

UK directories group Yell gets green light for debt plan

Directories group Yell today said it had finally won sufficient support from lenders to press ahead with plans to refinance its £3.8bn (€4.2bn) debt mountain.

The Yellow Pages owner needed 95% of its creditors by value to back the move and had delayed the deadline for acceptances three times in its efforts to cross the threshold.

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