New York Times calls $250 million 4½% notes

By Susanna Moon

Chicago, March 9 - New York Times Co. said it called for redemption its $250 million principal amount of 4½% notes due 2010.

The redemption price will be the present value of the principal plus accrued interest to the redemption date, according to a company news release. The redemption date was not disclosed.

The diversified media company said it will use proceeds from its recently completed sale-leaseback for a portion of the space in its New York headquarters to fund the redemption payment.

© 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.