Tribune repays $400 million of term loan with Gracenote sale funds

By Marisa Wong

Morgantown, W.Va., Feb. 1 – Tribune Media Co. repaid a portion of its existing first-lien term loans using proceeds from the sale of subsidiary Gracenote to Nielsen Co.

The company used $400 million of the proceeds for the paydown.

Tribune Media is a Chicago-based owner of television and digital properties.

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