LIN TV to use tranche B proceeds to redeem 6½% senior notes due 2013

By Tali David

Minneapolis, Dec. 5 -LIN TV Corp. said that the proceeds of its $260 million tranche B loan would be used to redeem all of LIN Television's 6½% senior subordinated notes due 2013, in addition to paying related fees and expenses.

On Nov. 3, LIN issued a notice to redeem $109.1 million of its 6½% senior subordinated notes due 2013, and $55.9 million of its 6½% class B senior subordinated notes due 2013.

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

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