Tegna to repay borrowings under revolver via proceeds from new notes

By Sarah Lizee

Olympia, Wash., Jan. 7 – Tegna Inc. plans to repay borrowings under the company’s revolving credit agreement using proceeds from a new offering of notes, according to a press release.

The company said it plans to price $1 billion of senior notes due March 2028.

Proceeds from the offering will also be used to refinance the company’s 5 1/8% and 6 3/8% notes.

Tegna is a Tysons, Va.-based broadcast, digital media and marketing services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.