Bloomberg News

Seat Pagine Receives Proposal From Lighthouse Bondholders

August 30, 2011

Aug. 30 (Bloomberg) -- Seat Pagine Gialle SpA has received a proposal from holders of its so-called Lighthouse bond, Chief Financial Officer Massimo Cristofori said on a conference call with reporters today.

The preliminary, non-binding proposal covers a “pretty consistent” portion of the bond, and “headroom” for the company’s bond convenants will likely be tighter by the end of the year. The company doesn’t expect to breach the convenants, Cristofori said.

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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