Senior executives of the Quinn Group held a meeting with the company's bondholders in London yesterday.
It is understood the meeting centred on discussions to finalise the terms of the refinancing of the group.
Bondholders were told by chief executive Paul O'Brien that trading conditions for the group were challenging in the face of difficult economic circumstances. It is understood that bond prices for Quinn Group debt have fallen in recent days.
Neither the Quinn Group nor its biggest creditor, Anglo Irish Bank, had any comment.
