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Prospect News home > News index > List of issuers T > Headlines for Tenders 2004 > News item
Published on 6/22/2004 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Hollinger International to tender for 9% notes, repay bank debt with Telegraph proceeds

New York, June 22 - Hollinger International Inc. said it plans to use part of the £625.3 million ($1.14 billion) after-tax proceeds from its sale of Telegraph Group Ltd. stock to Press Acquisitions Ltd. to repay its subsidiaries' bank credit agreement and the 9% senior notes due 2010 of Hollinger International Publishing Inc.

The newspaper publisher said Hollinger International Publishing will shortly announce a tender offer for the $300 million principal amount of the notes.

The bank facility has $210 million outstanding.


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