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Johnston Press buys back £5 million of 8 5/8% secured notes 2019 at 98
By Susanna Moon
Chicago, Aug. 12 – Johnston Press plc said it bought back £5 million of its £225 million 8 5/8% senior secured notes 2019 at a discount.
The company purchased £5 million of bonds in the open market Aug. 11 at a price of £0.98 per £1.00 of nominal value, according to a company notice.
After settlement, there will be £220 million of the bonds left outstanding.
Johnston Press is a newspaper publisher based in Edinburgh, Scotland.
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