5 Mar 2009

Fairfax raising funds to repay bank debt

12:53 pm on 5 March 2009

Fairfax Media has opened the retail element of an equity-raising plan to repay bank debt.

The company has already raised $500 million through its institutional component and is now inviting retail shareholders to buy further shares.

Fairfax says the offer has the potential to raise another $184 million.