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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Johnston Press | LSE:JPR | London | Ordinary Share | GB00BRK8Y334 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.745 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMJPR
RNS Number : 6973L
Johnston Press PLC
04 October 2016
Johnston Press plc
("Johnston Press" or the "Company")
Amendment to the Super Senior Revolving Credit Facility (the "Facility")
Johnston Press stated in its interim report for the 26 weeks ended 2 July 2016 published on 4 August 2016 that it would seek to review the Facility with its lenders to ensure it continues to meet the needs of the business.
The Company is pleased to announce that it has agreed changes to certain terms of the Facility with all of the lenders (the "Lenders"). The changes are effective immediately and will be effective until 31 December 2016.
The Facility is currently unutilised.
Under the terms of the agreement, the total commitments under the Facility will be GBP12.5 million. In addition, in advance of the September 2016 covenant test, the Lenders have agreed to waive this test and that the next covenant test date will be for the 12 month period ending on 31 December 2016.
The Company will now work with the Lenders to agree amendments to the Facility, anticipated to be effective from 2017 onwards, in light of recent developments including the acquisition of the i newspaper and potential future asset disposals.
Market abuse regulation
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Johnston Press Ashley Highfield, Chief Executive Officer 020 7612 2601 David King, Chief Financial Officer 020 7612 2602 Bell Pottinger Dan de Belder Henry Lerwill 020 3772 2561
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 04, 2016 13:02 ET (17:02 GMT)
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