TEGNA Inc. (NYSE: TGNA) has announced that it intends to offer USD 1 billion of senior notes due 2028 in a private offering to persons reasonably believed to be “qualified institutional buyers,” the company said.
The notes will be guaranteed on a senior basis by certain subsidiaries of the company.
The company intends to use the net proceeds to redeem a portion of its outstanding senior notes and repay borrowings under its revolving credit agreement.
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