Tribune Media pushes back redemption of 5 7/8% notes to Sept. 13

By Sarah Lizee

Olympia, Wash., Sept. 10 – Tribune Media Co. has elected to delay the redemption of its 5 7/8% senior notes due 2022 until Sept. 13, according to an 8-K filed Friday with the Securities and Exchange Commission.

This is the third time the company has decided to postpone the redemption.

The company announced plans on Aug. 2 to redeem all of the outstanding notes on Aug. 12, then pushed the redemption date back to Aug. 29, and then to Sept. 11.

The redemption price will be 101.469 plus accrued interest, if any, up to but excluding the redemption date.

The redemption is conditioned on the closing of the merger of Titan Merger Sub, Inc. with and into Tribune Media, with Tribune Media surviving the merger.

Tribune Media is a Chicago-based owner of television and digital properties.

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