(Reuters) - Tribune sold more than $7 billion in loans last week to
fund the tender offer as part of the deal and to refinance some
existing debt, the paper said.
But the company had to agree to higher interest rates than
planned on most of the debt and to pay down some loans within
two years, rather than the seven-year term it sought, the paper
reported.
Read more at Reuters.com Mergers News
fund the tender offer as part of the deal and to refinance some
existing debt, the paper said.
But the company had to agree to higher interest rates than
planned on most of the debt and to pay down some loans within
two years, rather than the seven-year term it sought, the paper
reported.
Read more at Reuters.com Mergers News
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