Freshfields Bruckhaus Deringer, Clifford Chance and Bingham McCutchen have advised on the on the €945m (£837m) debt restructuring of Independent News & Media (INM). The struggling Irish publisher of The Independent and The Independent on Sunday has reached a deal with creditors after some eight months of negotiations that will include a €200m (£177m) debt for equity swap, a €92m (£82m) rights issue and €150m (£133m) disposal programme.
November 17, 2009 at 07:52 AM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer, Clifford Chance and Bingham McCutchen have advised on the on the €945m (£837m) debt restructuring of Independent News & Media (INM).
The struggling Irish publisher of The Independent and The Independent on Sunday has reached a deal with creditors after some eight months of negotiations that will include a €200m (£177m) debt for equity swap, a €92m (£82m) rights issue and €150m (£133m) disposal programme.
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