EMPG seeks relaxed debt terms
March 12, 2009Education Media & Publishing, the school textbook group built through Barry O'Callaghan's acquisitions of Houghton Mifflin and Harcourt, is asking lenders to relax the covenants on its $6.8bn of debt. Mr O'Callaghan, the former banker and software entrepreneur, approached three lenders that hold its $4.3bn of first lien debt on Friday to launch an amendment process, asking them to respond by today.
Source
http://traxfer.ft.com/cms/s/0/1cea6e94-0ea8-11de-b099-0000779fd2ac.html?o=%2Frss%2Fcompanies%2Fmedia
Related companies
Education Media and Publishing Group Limited
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