LONDON, Feb 13 (Reuters) – British broadcast transmission
provider Arqiva’s owners have injected 867 million pounds ($1.4
billion) fresh equity to allow a 3.7 billion pound loan and bond
refinancing to go ahead.

The seven shareholders injected the new equity to pay down
debt, allowing Arqiva to get a BBB investment grade credit
rating and issue bonds to refinance loans taken out in 2007 and
which mature in 2014.

MILAN/LONDON, Feb 5 (Reuters) – Italian directories company
Seat Pagine Gialle will ask creditors for a debt
restructuring after conceding that its interest burden and the
deepening recession have made its targets to 2015 unachievable.

Only five months ago the Turin-based company, which employs
more than 4,000 people, completed a lengthy debt restructuring,
apparently winning sufficient breathing space to continue to
operate and refocus its business for online competition.

LONDON, Sept 19 (Reuters) – The sale of Poland’s No. 2 cable
operator Multimedia Polska has been delayed after potential
bidders requested additional financial information from the
company, banking sources said on Wednesday.

The deadline for bids was due at the beginning of September,
but this has now been pushed back to the end of the month to
give the parties more time to analyse the business, the sources
said.

DUBLIN/LONDON (Reuters) – Three years ago, when its banks started to go under, a grim joke was doing the rounds in Dublin, “What’s the difference between Ireland and Iceland? One letter and six months.”

Now the comparison is back and this time it’s a positive.

Ireland’s sovereign bonds have been the best performers in Europe over the past six months, with the yield on two-year paper dropping from a high of 24 percent to just over five percent, prompting some investors to ask when Ireland is going to follow Iceland’s June 2011 return to global capital markets.

Nov 29 (Reuters) – Italian directory firm Seat Pagine Gialle will not pay a 52 million euro coupon on its 1.3 billion
euro subordinated Lighthouse bond on Wednesday, it said late on
Tuesday.

The company’s board is now asking Lighthouse bondholders to
agree to postpone the coupon until mid December, after
discussions between stakeholders failed to result in a
consensual restructuring, Seat PG said in a statement.

LONDON, Aug 18 (Reuters) – Banks leading the 3.6 billion
euro ($5.2 billion)-equivalent debt financing which backs
Zygmunt Solorz-Zak’s buyout of Polish mobile firm Polkomtel are
discussing increasing the loan portion to 1.8 billion euros
after strong demand, banking sources said on Thursday.

The planned 300 million euro increase to the loan is likely
to cut the size of a bridge loan to a senior secured high-yield
bond by the same amount, the sources said.

PARIS/LONDON (Reuters) – Societe Generale’s (SOGN.PA: Quote, Profile, Research, Stock Buzz) battered shares fell again on Thursday, reversing a strong morning rally, as French banks led volatile European stocks lower on continuing concerns about their outlook.

SocGen shares were 4.5 percent weaker at 21.19 by 6:55 a.m. EDT, adding to the 15 percent drop they suffered on Wednesday in volume 170 percent of average for the past 30 days. The drop came despite vehement denials of problems at the bank. BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz) and Credit Agricole (CAGR.PA: Quote, Profile, Research, Stock Buzz) were down a similar amount.