← back to all news Johnston Press responds to press speculation about its pension fund
Johnston Press has responded to press speculation that it might seek to place its pension scheme with the pensions regulator.
Press reports suggested JP is in discussions regarding a Regulated Apportionment Arrangement with the pension trustees and pensions regulator ("RAA").
JP said in a statement today:“The Company confirms that an RAA is one of a number of potential strategic options for restructuring or refinancing of the Bond being considered by the Company and its advisers and in respect of which the Company expects to discuss with relevant parties in due course”
The "Bond" refers to the Group's £220 million 8.625% senior secured notes, which become due for repayment on 1 June 2019.