Tribune financial moves rated


Pile of MoneyTelevision and newspaper company Tribune has a dual purpose for a proposed $3.8B loan and smaller revolver – it wants to finance a buy and a refi. Moody’s Investors Service sees much to like in Tribune’s moves and no basis for an overall status change.

$2.7B of the loan would go to the acquisition of Local TV, and the remaining $1.1B would be used to refinance existing debt. The assocated revolver would be worth $300M.

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