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Sat 05 May 2009Bondholders in IN&M set to hire adviser
BONDHOLDERS IN Independent News & Media (IN&M) are working towards a common stance in their dialogue with the firm over its inability to make a €200 million repayment due on Monday week.
In a sign that talks between both sides are moving into their final phase, the bondholders are widely expected to appoint international investment bank Houlihan Lokey to advise them on whether they should grant an extension of the debt to IN&M.
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