Speculation emerged just over a week ago that the company, which owes around £400m, was to be broken up and its key assets, such as Virgin Radio and the two Scottish ITV franchises, sold off.
SMG got into debt through a series of acquisitions at the top of the market, including the purchase of Virgin Radio and increasing its stake in Scottish Radio Holdings.
It appointed Deloitte & Touche last year to look at ways of restructuring the business and helping reduce its debt.
The break-up reports appeared in The Business newspaper and SMG accused its publisher, Andrew Neil, of trying to destabilise the company.
The Business is owned by the Barclay brothers' Press Holdings, which owns Scottish newspaper The Scotsman, a rival to SMG's Herald.
Recent speculation has indicated that the Barclays would like to merge The Scotsman with The Herald to create a stronger Scottish daily newspaper.
SMG said it would announce a date for its postponed full-year results once the arrangements of the financing have been finalised.
It said in a statement that its underlying performance in 2001 was in line with market expectations.
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