Meredith’s Fiscal Fortification Now Includes A Note Offering


On Monday, Meredith Corp. revealed its intention to raise $710 million in new secured debt. At the same time, Meredith entered into an amendment to its revolving line of credit facility, conditioned on the redemption of the Series A Preferred Stock.

Now, the owner of 17 local broadcast stations intends to offer $300 million of senior secured notes due 2025, subject to market and other conditions.

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