Minority of Hibu lenders threaten legal action

Beleaguered UK directories company Hibu — formerly known as Yell Group — has received notice from some lenders that they may seek to launch legal action to recover unpaid debt repayments of up to £65m. The dissenting lenders have not received a payment due this week under Hibu’s 2006 loan, and could submit a petition for the winding-up of the borrowing entity, said the company.