It said gross proceeds of £220.5 million from the offering of £225m of 8.625 per cent senior secured notes, due 2019, at an issue price of 98 per cent, had now been released to the group.
That is added to £140m received from the placing and rights issue. Johnston has raised £138m from shareholders in a 6.52 for one issue of new shares, and £2m in a placing with new advertising partner Sky.
It said all existing loans had been pre-paid and cancelled, private placement notes had been redeemed in full, and its new revolving credit facility was now available.
The shares rose 0.1p to 3.70p,valuing Johnston at £190m.