Independent News & Media unit bondholders to consider resolution

By Caroline Salls

Pittsburgh, Oct. 19 - Independent News & Media plc wholly owned subsidiary Independent News & Media (Finance) Ltd. will hold a meeting of bondholders to vote on an extraordinary resolution related to a proposal to equitize its €200 million of 5¾% guaranteed bonds due 2009 through a first equity issue and either a rights issuance or second equity issue, according to a news release.

The bondholder meeting will be held on Nov. 10.

Independent News & Media is a Dublin-based newspaper and magazine publisher and advertising operator.

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