Allbritton raises $455 million


Allbritton Communications recently sold $455 million of 8% senior notes due 2018 in a private placement led by Deutsche Bank Securities and Banc of America Securities. The sale is expected to close on Friday, April 30th.

Just prior to the sale Moody’s Investors Service had upgraded the corporate family rating (CFR) and default rating of Allbritton and assigned a B2 rating to the new senior bonds.