Belo plans redemption of $175.93 million of 6¾% senior notes due 2013

By Tali David

Minneapolis, Nov. 29 - Belo Corp. called $175,925,000 of its 6¾% senior notes due May 30, 2013, according to a notice.

The notes will be redeemed at 103.143 on Nov. 30. The redemption price is equal to the greater of (i) the sum of the present values of the remaining scheduled payments of principal and interest on the notes discounted to the redemption date on a semiannual basis at the applicable Treasury rate plus 30 basis points and (ii) par, plus accrued interest in both cases.

The Bank of New York Mellon Trust Co., NA is the trustee.

Belo is a Dallas-based television company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.