PAGESJAUNES : Refinancing launch
05/24/2012| 01:09pm US/Eastern
Recommend:
Sèvres, May 24th 2012
PagesJaunes Groupe S.A. ("PJG"), a company
listed on Euronext Paris, NYSE Euronext (PAJ), has
today initiated the first stage of a plan to reduce its
indebtedness.
To this end PJG is seeking the agreement of its lenders
to extend the maturity of its debt facilities maturing
in November 2013 to September 2015 in return for, in
particular a partial repayment of its debt.
The terms and conditions of the proposal made to
existing lenders require acceptance and consent by a
large majority of lenders as well as the individual
agreement of those who accept to extend the term of the loans
maturing in 2013.
PJG is fully compliant with all of its financial
covenants.
About PagesJaunes Groupe
PagesJaunes Groupe is the leader in France in local
advertising and information, generating €1.1 billion in
consolidated revenues in 2011. PagesJaunes Groupe's
services can be accessed in particular through fixed and
mobile Internet, printed directories (the PagesJaunes and
PagesBlanches directories), directory enquiry services by
telephone and SMS (118008). PagesJaunes Groupe's fixed
and mobile Internet sites, primarily pagesjaunes.fr,
mobile.pagesjaunes.fr, mappy.com and annoncesjaunes.fr, are
visited by more than one Internet user in two in France each
month.
PagesJaunes Groupe has a sales force of more than 2,200
sales advisers in France and Spain and provides a
comprehensive range of advertising products for its local and
national advertising customers. With €575 million in Internet
revenues in 2011, representing over 52% of its consolidated
revenues, PagesJaunes Groupe is the largest European operator
in terms of Internet advertising revenues. PagesJaunes Groupe
is listed on NYSE Euronext Paris (PAJ). Information on
PagesJaunes Groupe is available at
www.pagesjaunesgroupe.com
Contacts
Press
Delphine Penalva
+33 1 46 23 35 31
dpenalva@pagesjaunes.fr
Isabelle Thillou
+33 1 46 23 37 56
ithillou@pagesjaunes.fr
Investors
Elsa Cardarelli
+33 1 46 23 40 92
ecardarelli@pagesjaunes.fr
distributed by
|
|
Recommend :
