Lenders support Yell's debt amendments

Shares in Yellow Pages publisher Yell Group roared higher on Monday morning after its lenders agreed on amendments to financing.

Shares in Yellow Pages publisher Yell Group roared higher on Monday morning after its lenders agreed on amendments to financing.

Yell had been in talks with its lenders since November to increase the headroom under its net debt-to-EBITDA (earnings before interest, tax, depreciation and amortisation) covenant, as well as other debt-related and administrative amendments.

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