Yell Group starts increased debt buyback but fund investors stay sceptical of success
UK directories company Yell Group started its debt purchase process on Tuesday January 10, but lenders to the company were unsure that the company would have great success. As part of the amendments to its financing terms completed in December 2011, Yell increased the amount of cash available to spend on purchases of its own debt from £108.4m to £159.5m.
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