Minority of Hibu lenders threaten legal action

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 that was due this week under Hibu’s 2006 loan, and could submit a petition for the winding-up of the borrowing entity, the company said.

  • 02 Nov 2012

Hibu, which owns the Yellow Pages, said on October 26 that it had suspended all payments of principal and interest on its loans until it concluded a restructuring of its balance sheet.

One lender to Yell, who is not threatening legal action, said the suspension had taken lenders by ...

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