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TEGNA plans $1B debt offering

TEGNA Inc. plans to offer $1 billion in senior notes due 2028 in a private offering to qualified institutional buyers.

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, according to a Jan. 7 news release.

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