RE: Moves afoot26 Jul 2018 11:43
In a statement, a Johnston Press spokesperson said: “In March 2017, we announced a strategic review of the financing options in relations to the £220m bond that is due for repayment in June 2019.
“A number of potential strategic options are being considered by the company and its advisers which we expect to discuss with stakeholders in due course. We have updated the market on a number of occasions. No decisions have been taken and we are not going to comment on market speculation.
“We announced in April that the business had EBITDA of £40.1m in 2017. It had cash at bank of £24.6m at the end of May. We announced on 5 June that the business was trading in line with expectations.
“If Mr Ager-Hanssen does have a workable proposal to refinance the business, we look forward to receiving this and we will invite him to provide more detail.”