(Bloomberg) -- Tribune Co., owner of the Chicago Tribune and Los Angeles Times, will have to pay higher interest rates than it initially proposed on $5.51 billion of loans to fund its buyout, three investors involved in the deal said.
Tribune may pay 3 percentage points over the London interbank offered rate on the seven-year term loan, said the investors, who declined to be identified because the terms aren't public. The media company sought on April 26 to pay Libor plus 2.5 percentage points.
Read more at Bloomberg Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment