hibu obtains waivers and amendment from facilities agreement lenders

By Caroline Salls

Pittsburgh, Dec. 17 - hibu plc has obtained various waivers and an amendment from the lenders under its Nov. 30, 2009 facilities agreement, according to a news release.

The company said the waivers and amendment include the ability to negotiate with lenders on a capital restructuring.

hibu said a number of capital structure options are being considered. The group said the options being considered are likely to result in little or no value being attributed to its ordinary shares.

Reading, England-based hibu, formerly Yell Group plc, is a multinational directories and internet services company.

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