Seat Pagine Gialle, publisher of the Italian yellow pages, has entered into talks with the Royal Bank of Scotland to renegotiate the covenants on its senior debt.

Seat, which has €3.1bn ($3.9bn) of debt, is in talks with its largest creditor over €1.6bn of senior debt that is repayable in 2012. A further €1.3bn of junior debt must be repaid in 2014.