Belo uses credit facility to buy back $40.5 million in 6¾% notes due 2013 at discount

By Devika Patel

Knoxville, Tenn., May 4 - Belo Corp. purchased and retired $40.5 million of its 6¾% senior notes due 2013 for $25.26 million during the first quarter of 2009, according to a 10-Q filed Monday with the Securities and Exchange Commission.

The purchases were funded through Belo's revolving credit facility.

Dallas-based Belo owns and operates 20 television stations.

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