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TEGNA closes $1.1B debt offering

TEGNA Inc. completed a $1.1 billion private offering of its 5.000% senior notes due 2029.

TEGNA intends to use the net proceeds to repay about $320 million of its unsecured notes bearing fixed-rate interest at 5.125% due in October, about $290 million of its unsecured notes bearing fixed-rate interest at 5.125% due July 2020 and borrowings under its revolving credit agreement.