Johnston Press unveils £360m refinancing plan

johnston-press-logoNewspaper and online publisher Johnston Press has unveiled a £360m refinancing plan in a bid to pay off debt and fund future growth.

The Edinburgh-based company aims to raise £140m through share issues and placings and issue £220m worth of bonds.

In December Johnston’s lenders agreed to give the company more time to repay its £300m debt.

For the full story read BBC