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Mecom amends Eu1bn deal, decreases to Eu600m

Mecom, the debt-laden European regional newspapers group, has reached an agreement with its lenders to amend its Eu1bn syndicated loan. Subject to an equity raising of at least £130.6m (Eu147m) being completed by July 14, the borrower’s covenants will be loosened and its facility decreased to Eu600m.

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