RNS Number : 2195F
Yell Group plc
07 October 2008
7 October 2008
Yell Group plc
Capital structure and banking facilities
Amendment to covenant levels successfully achieved
Following its announcement on 22 September, 2008, that it had commenced discussions with
its lenders to amend its future covenant
levels, Yell today announces that those discussions have been successful and that HSBC, as
agent for the lenders, has confirmed that
significantly more than the required acceptance level has been achieved.
The revised leverage and interest cover covenants have been set to give Yell 20% headroom
against its forecasts. In consideration of this,
the interest rate on the facilities will rise by 1% and a one-off amendment fee of 0.5% will
be paid to consenting lenders.
Enquiries
Yell * Investors Yell - Media
Rob Hall Jon Salmon
Tel +44 (0)118 950 6838 Tel +44 (0)118 950 6656
Mobile +44 (0)7793 957848 Mobile +44 (0)7801 977340
Citigate Dewe Rogerson
Anthony Carlisle
Tel +44 (0)20 7638 9571
Mobile +44 (0)7973 611888
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