Media General calls $299.8 million of 11¾% secured notes due 2017

By Jennifer Chiou

New York, Nov. 13 - Media General Inc. issued a notice of redemption to holders of its $299.8 million of 11¾% senior secured notes due 2017 in connection with the closing of its merger with New Young Broadcasting Holding Co., Inc., according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem the notes on Dec. 12 at 105.875% of par plus a total make-whole premium of about $17.3 million, which includes interest to Feb. 15.

The Bank of New York Mellon is the trustee.

The merger closed on Nov. 12.

Media General is a Richmond, Va.-based provider of news, information and entertainment.

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