TEGNA Inc. plans to offer $900 million in senior notes due 2029.
The company intends to use the net proceeds to repay about $320 million of its unsecured notes bearing fixed-rate interest at 5.125% due October and approximately $290 million of its unsecured notes bearing fixed-rate interest at 5.125% due July 2020 and borrowings under its revolving credit agreement.
The notes will be guaranteed on a senior basis by certain subsidiaries of TEGNA.
