New Issue-Media General sells $300 mln in notes

Mon Feb 8, 2010 9:33am EST

  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

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