Former McClatchy’s plan unanimously accepted by second-lien lenders

By Caroline Salls

Pittsburgh, Sept. 17 – The plan of distribution filed by JCK Legacy Co., formerly McClatchy Co., was unanimously accepted by voting creditors, according to a ballot report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.

Specifically, all six holders of $157.08 million in second-lien term loan claims voted to accept the plan.

The plan confirmation hearing is scheduled for Sept. 23.

McClatchy is a news and information provider based in Sacramento, Calif. The company filed bankruptcy on Feb. 13, 2020 under Chapter 11 case number 20-10418.

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