Dec 22 (Reuters) - Slater & Gordon Ltd SGH.AX :
* SENIOR LENDER SCHEME OF ARRANGEMENT IMPLEMENTED RESULTING IN REDUCTION OF $636.6 MILLION SECURED DEBT OWED BY CO & AUSTRALIAN UNITS
* IMPLEMENTATION OF SENIOR LENDER SCHEME RESULTS IN SEPARATION OF UK OPERATIONS & UNITS FROM CO, ISSUANCE OF 66.1 MILLION SHARES TO SENIOR LENDERS