Allbritton amends revolver to modify total leverage ratio

By Sara Rosenberg

New York, Dec. 15 - Allbritton Communications Co. said it amended its $70 million revolving senior credit facility to adjust the total leverage ratio for the first half of the next fiscal year.

The change gives the company sufficient operational flexibility to remain in compliance with financial covenants, according to a company filing with the Securities and Exchange Commission.

Fleet is the agent on the deal, and Deutsche is the documentation agent.

Allbritton is a Washington, D.C., owner and operator of television stations.

Allbritton Communications' new total leverage ratio for revolver

Period Ratio

Closing Date to Dec. 31, 2001 7.00

Jan. 1, 2002 to Sept. 30, 2002 6.75

Oct. 1, 2002 to Sept. 30, 2003 7.00

Oct. 1, 2003 to Dec. 31, 2003 7.50

Jan. 1, 2004 to March 31, 2004 7.25

April 1, 2004 to Sept. 30, 2004 6.75

Oct. 1, 2004 and thereafter 6.50

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