Media General Inc. (MEG) announced offering of $350 million of senior secured notes due 2017 to qualified institutional buyers. The notes will be guaranteed on a senior secured basis by the subsidiaries of the company. The company intends to use offering net proceeds to repay borrowings outstanding under its revolving credit facility.
Concurrently with this offering, the company is seeking consent from lenders under revolving credit facility and term loan credit facility to combine, restate revolving credit and term loan credit facility. The company said that its offering of notes and contemplated amendment to existing credit facilities are each contingent on both transactions closing.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.