Independent Newspapers has raised £75 million through an issue of new preference shares, with the proceeds being used to refinance existing debt. The preference shares, which will be listed on the Luxembourg Stock Exchange will save Independent about 1.5 percentage points in interest payments on the debt being refinanced.
Independent raises £75m in preference share issue
Independent Newspapers has raised £75 million through an issue of new preference shares, with the proceeds being used to refinance…
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