Refinancing Round-up: Yell Group’s Profits Warning; Tomtom’s Rights Issue Price; Johnston Extension

Yellow Pages dragon

Yell Group: The Yellow Pages maker wants to “comprehensively refinance” itself by changing the length and terms of its lending agreements. Talks will start with lenders and eventually with major shareholders — raising the prospect of a money-raising share issue — as part of a process that will last until the Autumn. The company now expects its Q1 revenue to be 11 percent lower year on year, while EBITDA is expected to be 20 percent down, at constant currency rates. And it gets even worse: Yell predicts Q2 revenue to be about 17 percent down year on year and for Q2 EBITDA to be 30 percent down. Q1 results are officially released on July 23. Release.

Tomtom: The Dutch sat-nav device maker has released details of its rights issue, part of a

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