INM announces tender offer for the early redemption of STG£75M Bond

Independent News & Media PLC (ticker: INWS.I; INWS.L) today announced a Tender Offer, by its wholly owned subsidiary Independent Newspapers Finance PLC, for the early redemption of the Stg£75.0 million 9.25% Guaranteed Bonds due 2005. The Tender Offer is being made as part of INM’s commitment to active management of its balance sheet and to assist it in meeting its objective to reduce current debt liabilities and net interest expense.

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