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London Feb 26 Bookmaker William Hill is expected to announce on Friday plans to raise about £350 million in a rights issue to refinance its debt..William Hill's fundraising is part of a wider plan to restructure the group's £1.2 billion of borrowings. The lending arrangement expires in March 2010, but the company's banks, including Barclays, HSBC and Royal Bank of Scotland, are expected to agree a new facility...The rights issue is to be unveiled alongside the company's full-year results, which are likely to show profits of around £210 million. The company has 2,300 shops in the UK and Ireland....***Standard Licence Fee's Apply To All Image Use***.Marco Secchi /Xianpix. tel +44 (0) 845 050 6211. e-mail ms@msecchi.com or sales@xianpix.com.www.marcosecchi.com

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Contained in galleries: High Street Crisis

London Feb 26 Bookmaker William Hill is expected to announce on Friday plans to raise about £350 million in a rights issue to refinance its debt..William Hill's fundraising is part of a wider plan to restructure the group's £1.2 billion of borrowings. The lending arrangement expires in March 2010, but the company's banks, including Barclays, HSBC and Royal Bank of Scotland, are expected to agree a new facility...The rights issue is to be unveiled alongside the company's full-year results, which are likely to show profits of around £210 million. The company has 2,300 shops in the UK and Ireland....***Standard Licence Fee's Apply To All Image Use***.Marco Secchi /Xianpix. tel +44 (0) 845 050 6211. e-mail ms@msecchi.com or sales@xianpix.com.www.marcosecchi.com