Star Tribune plans new credit facility via Credit Suisse and RBS for buyout by Avista

By Sara Rosenberg

New York, Dec. 29 - The Star Tribune Co. is planning on getting a new credit facility to help back its buyout by Avista Capital Partners, according to an 8-K filed with the Securities and Exchange Commission.

Credit Suisse and RBS Securities are the lead banks on the deal.

Avista is buying the company from The McClatchy Co. for $530 million.

The transaction is expected to close in the first quarter of 2007.

The Star Tribune is a Minneapolis-based information provider and includes the Star Tribune newspaper, StarTribune.com and other print and digital products and services.

© 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.