Bloomberg News

Yell in Debt Restructuring Talks, Sunday Telegraph Says

March 25, 2012

Yell Group Plc (YELL), publisher of the U.K.’s Yellow Pages, will appoint a banking adviser to help restructure billions of pounds in debt, the Sunday Telegraph said, citing people it didn’t identify.

The Berkshire, U.K.-based company has been talking to investment banks including Goldman Sachs (GS) and Greenhill & Co. (GHL) before negotiating with lenders about relaxing banking covenants for 2014, the newspaper reported.

Jon Salmon, a spokesman for Yell, declined to comment via phone today.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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