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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.