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Media General’s LIN extends change-of-control offer for 5 7/8% notes
New York, Dec. 8 – Media General, Inc. said that its LIN Television Corp. subsidiary has extended the change-of-control offer for its 5 7/8% senior notes due 2022.
The new expiration is 11:59 p.m. ET on Dec. 14, pushed back from 11:59 p.m. ET on Dec. 7.
Holders had tendered $28.75 million, or 7.19%, of the notes by the old expiration.
As previously announced, LIN is offering to buy the notes at 101% of par plus accrued interest.
The offer began on Nov. 1 and is being conducted as part of Nexstar Broadcasting Group, Inc.’s acquisition of Media General.
On Dec. 1 the offer was extended to 11:59 p.m. ET on Dec. 7 from the original expiration of 11:59 p.m. ET on Nov. 30.
Media General is a Richmond, Va.-based television company.
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