Tribune Media Announces Successful Consent Solicitation On Notes

6/22/17

Tribune Media (TRCO -0.2%) has announced a successful consent solicitation that it undertook at the request of buyout partner Sinclair Broadcast Group (SBGI -1.4%).

Tribune received consents from holders of $1.026B in principal of its 5.875% senior notes due 2022. That makes up 93.23% of principal outstanding.

The company and trustee Bank of New York Mellon Trust Co. have entered a new indenture easing integration with Sinclair, including eliminating a requirement for Tribune to make a Change of Control Offer.

READ FULL ARTICLE HERE

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.