McClatchy offer for 11½% secured notes due 2017 to end on June 24

By Jennifer Chiou

New York, June 21 - McClatchy Co. announced that its previously announced offer to repurchase $65 million of its 11½% senior secured first-lien notes due Feb. 15, 2017 will come to a close at 11:59 p.m. ET on June 24.

The Sacramento-based newspaper and website publisher said in a news release that it is required under the terms of the notes to offer to buy back $65 million of the securities at par as a result of selling the building and land housing its newspaper operations in Miami on May 27.

© 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.