Nov. 11 (Bloomberg) -- Reed Elsevier, a business-to-business publishing and information group, will probably extend the March 2009 deadline for refinancing half of the $4.2 billion loan it used to buy data provider ChoicePoint, the Daily Telegraph reported, without citing anyone.

Reed Elsevier financed the ChoicePoint acquisition with short-term bank facilities and had aimed to pay off part of this debt with the sale of its magazines division, Reed Business Information, said the newspaper. Turmoil in the credit markets has delayed the RBI auction, which soon reaches its third-round deadline, according to the newspaper.

Last Updated: November 11, 2008 14:27 EST