Given more time to restructure debt
By Graham Hayday, 29 April 2002 08:35
NEWS NTL is to be given some extra time to restructure its £11bn debt. The company's bondholders and bank lenders had given it until this Thursday to begin paying back the money they're owed, but it's emerged that they are now prepared to extend that deadline. NTL has also denied it plans to file for Chapter 11 bankruptcy protection, according to The Business, having originally intended to do so today.
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