New Issue-Media General sells $300 mln in notes
Feb 8 (Reuters) - Newspaper publisher Media General Inc (MEG.N) late on Friday sold $300 million of senior secured first lien notes in the 144a private placement market, said IFR, a Thomson Reuters service.
The size of the deal was decreased from an originally planned $350 million.
Bank of America Merrill Lynch and SunTrust were the joint bookrunning managers for the sale. BORROWER: MEDIA GENERAL INC AMT $300 MLN COUPON 11.75 PCT MATURITY 2/15/2017 TYPE SR NOTES ISS PRICE 97.69 FIRST PAY 8/15/2010 MOODY'S B2 YIELD 12.25 PCT SETTLEMENT 2/12/2010 S&P SINGLE-B SPREAD 925 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS* *MAKE-WHOLE CALL 50 BPS