trending Market Intelligence /marketintelligence/en/news-insights/trending/AFqAy4peM54sDaEoOqIlNA2 content esgSubNav
In This List

TEGNA prices $1B debt offering


ESG & Technology: Impacts and Implications


A Telecom Company Relies on Deep Data to Chart its Future Strategy


Next in Tech | Episode 35: Multifactor authentication needs and hesitations


Episode 36: Guy Kawasaki on Innovation

TEGNA prices $1B debt offering

TEGNA Inc. priced $1 billion in senior notes due 2028.

The notes, which bear an interest rate of 4.625%, were priced at 100% of face value, according to a Jan. 7 news release. TEGNA may not redeem the notes prior to March 15, 2023.

The notes will be guaranteed on a senior basis by certain subsidiaries of TEGNA.

TEGNA intends to use the net proceeds to repay the remaining $310 million of its 5.125% senior notes due 2020, the $650 million of its 6.375% senior notes due 2023, the redemption premium on its 6.375% senior notes due 2023 and borrowings under its revolving credit agreement.