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Tegna intends to price $900 million of 10-year senior notes
By Cristal Cody
Tupelo, Miss., Sept. 9 – Tegna Inc. (Ba2/BB) announced on Monday it plans to price $900 million of senior notes due 2029 in a Rule 144A and Regulation S transaction.
The notes will be guaranteed on a senior basis by certain subsidiaries of the company.
Proceeds will be used to repay about $320 million of its 5 1/8% notes due October 2019 and about $290 million of 5 1/8% notes due July 2020 and borrowings under its revolving credit agreement.
Tegna is a television and radio station owner and operator based in Tysons, Va.
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