McClatchy Calls For Partial Redemption $75,000,000 Aggregate Principal Amount Of 9.00% Senior Secured Notes Due 2022

By , in PR PR California on .

SACRAMENTO, Calif., Dec. 26, 2017 — McClatchy (NYSE American-MNI) (“McClatchy”) announced today that it has called for the redemption of $75,000,000 aggregate principal amount of its outstanding 9.00% Senior Secured Notes due 2022 (the “Notes”).  The Notes will be redeemed on January 25, 2018 at a redemption price equal to $1,045 per $1,000 principal amount of such Notes, together with accrued and unpaid interest to, but excluding, the redemption date.  Notes that are redeemed by the Company pursuant to this partial redemption will cease to accrue interest on and after the redemption date.  As of December 26, 2017, $439,630,000 aggregate principal amount of the Notes were outstanding. 

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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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