McClatchy looks to amend loan to extend maturity, allow for new debt

By Sara Rosenberg

New York, Dec. 16 -McClatchy Co. is seeking an amendment to its credit facility to extend the maturity for up to two years and allow for about $875 million of new senior secured debt, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

The new debt would be used to reduce commitments and pay down amounts under the credit facility for consenting lenders as well as to refinance other near-term public debt obligations.

Bank of America is the administrative agent on the deal.

McClatchy is a Sacramento, Calif.-based newspaper company.

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