The Irish publisher, which is looking to pay down its debt pile, has been locked in negotiations with its bondholders and banks over a €200m (£172m) bond repayment, originally due for repayment in May this year.
IN&M first agreed a standstill in May that ran until 26 June. The company, which also owns the Belfast Telegraph, then announced it had been extended to 24 July. The latest extension is likely to last four weeks, according to analysts.
As negotiations continue, the company, led by chief executive Gavin O'Reilly, has looked to pay down its debt and enhance the liquidity of the company.
Earlier this month, IN&M raised €22m after selling off 22 million shares of its stake in Indian media giant Jagran Prakashan.
IN&M declined to comment.
I
_1.jpg)
.jpg)
