PagesJaunes is seeking to alter the terms of a €1.95 billion loan, backing its 2007 buyout by KKR and Goldman Sachs Capital Partners, Reuters reports. As part of the refinancing, the French information and advertising company is expected to raise about €500 million from high yield bonds later in 2011.
PagesJaunes has also asked lenders to extend the maturity of certain amounts under its bank facilities from 2013 to 2015. The company has proposed dividing its current €1.95 billion term loan A into three tranches.
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