Investor Relations
News Detail
4th Dec 2003
INM issue of Guaranteed Subordinated Notes
Independent News & Media PLC (“INM”) announces that it is raising €125 million through the issue of 8% subordinated notes (due in 2008) by Independent News & Media Finance (Ireland) plc.
The notes are guaranteed by INM on a subordinated basis. The issue, which was over-subscribed, enables INM to repay part of the Group’s senior indebtedness and may be used for general corporate purposes. The transaction is scheduled to close on December 10, 2003, subject to customary conditions.
