LIN TV to redeem 6½% notes issued in two series via loan proceeds

By Susanna Moon

Chicago, Oct. 26 - LIN Television Corp. said it will fund the partial redemption of its 6½% senior subordinated notes due 2013 and 6½% senior subordinated notes due 2013, class B, using proceeds of a new loan agreement.

The company closed a $125 million six-year term loan facility and a $75 million five-year revolving credit facility on Oct. 26.

Proceeds also will be used for general corporate purposes.

LIN TV is a Providence, R.I.-based multimedia company that owns, operates or services television stations, niche websites and mobile platforms.

© 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.