Creditors have agreed to inject £35 million of new money into the business and reduce its net debt level by £135 million.
The publisher had recently been looking at ways to refinance £220 million of debt that became repayable in June this year
Theresa May’s Brexit deal makes headlines on Wednesday’s papers after Downing Street announced it had agreed terms with the European Union.
The latest on Brexit, a Briton dying from rabies and the return of I’m A Celeb make headlines on Tuesday.
Armistice commemorations lead the majority of Monday’s front pages.
Johnson v May tops the Wednesday headlines ahead of the PM’s speech to the Tory Party conference in Birmingham.
The 69-year-old will become chairman and editor-in-chief of Associated Newspapers.
The triggering of Article 50 has dominated newspaper headlines on Thursday, with many focusing on a possible threat over security by Ms May.
The Independent On Sunday closes its print edition as it moves to online-only
The New Day will be the UK's first new standalone national newspaper in 30 years.