Allbritton Communications to price $275 million 10-year notes Friday

By Paul A. Harris

St. Louis, Dec. 5 - Allbritton Communications Co. will price $275 million of senior subordinated notes due 2012 (existing ratings: B3/B-) Friday, according to a syndicate source.

Deutsche Bank Securities Inc. is the bookrunner. Fleet Securities is co-manager.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to redeem Allbritton's $271.25 million of 9¾% senior subordinated notes due Nov. 30, 2007.

The issuer is a Washington, D.C.-based broadcast company that operates ABC-affiliated stations in various U.S. markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.