Johnston Press pays big pick-up for newspaper risk on £225m debut bond

Newspapers 230x150
By Olivier Holmey
15 May 2014

Johnston Press, the UK publisher of regional newspapers, priced £225m of bonds on Tuesday as part of its broader capital refinancing plan, but had to offer high interest rates.

The London-listed company publishes The Scotsman and The Yorkshire Post, as part of its portfolio of 13 paid-for daily newspapers, 195 paid-for weekly newspapers, 40 free titles, 10 lifestyle magazines and 198 local news and e-commerce websites.

Credit Suisse, JP Morgan and Lloyds were bookrunners on the bond, ...

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