New Issue: MediaNews Group sells $150 million 10-year notes to yield 6½%

By Paul A. Harris

St. Louis, Jan. 14 - MediaNews Group Inc. sold $150 million of senior subordinated notes due April 1, 2014 (B2/B+) Wednesday at 99.092 with a 6 3/8% coupon to yield 6½%, a syndicate source said.

Price talk was 6 3/8% to 6½%.

Deutsche Banc Securities and Banc of America Securities ran the books on the Rule 144A deal. Wachovia Securities, Credit Lyonnais and Stephens were co-managers.

The Denver-based newspaper publishing company will use the proceeds to repay its revolver and for general corporate purposes.

Issuer:	MediaNews Group Inc.
Amount:	$150 million
Maturity:	April 1, 2014
Security description:	Senior subordinated notes
Bookrunners:	Deutsche Banc Securities, Banc of America Securities
Co-managers:	Wachovia Securities, Credit Lyonnais, Stephens
Coupon:	6 3/8%
Price:	99.092
Yield:	6½%
Spread:	251 basis points
Call features:	Callable after April 1, 2009 at 103.188, 102.125, 101.063, par on April 1, 2012 and thereafter
Equity clawback:	Until April 1, 2007 for 35% at 106.375
Trade date:	Jan. 14
Settlement date:	Jan. 26
Ratings:	Moody's: B2
	Standard & Poor's: B+
Price talk:	6 3/8%-6½%

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