Monday, 27 April 2009

Indie - crunch time

Our spies tell us that INM will successfully do a deal with its bond holders and the Indie will live on. For now.

Bond holders aside the Group is saddled with heavy debt which requires serious interest payments. Interest on the bank debt is 90+ million euros a year!

And all this at a time when revenues are under huge strain and maintaining profits is not at all easy.

Scary times
Sent from my handheld

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