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BRIEF-Seat PG strikes debt covenant deal with RBS

Tue Dec 23, 2008 10:52pm IST
 
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MILAN, Dec 23 (Reuters) - Italy's biggest yellow pages company Seat Pagine Gialle (PGIT.MI: Quote, Profile, Research) said in a statement on Tuesday:

* deal reached with Royal Bank of Scotland (RBS.L: Quote, Profile, Research) to change covenants on senior debt

* approved guidelines of 2009-2011 business plan

* sees 2009 EBITDA of around 560 million euros

* called shareholder meeting on 200 million euro capital hike

* capital increase would be priced at maximum 3 eurocents a share, before a reverse stock split

(Reporting by Danilo Masoni)

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