Simpson Thacher Represents Initial Purchasers in $1 Billion Debt Offering by TEGNA
01.10.20
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The Firm represented the initial purchasers, led by Citigroup Global Markets Inc., in connection with a Rule 144A/Reg S offering by TEGNA Inc. (“TEGNA”) of $1 billion aggregate principal amount of 4.625% Senior Notes due 2028. The net proceeds from the transaction were used to repay a portion of TEGNA’s existing notes and borrowings under its revolving credit facility.
TEGNA (NYSE: TGNA) is a leading local news and media content provider with 62 television stations and four radio stations in 51 U.S. markets.
The Simpson Thacher team for the transaction included David Azarkh, Mark Brod and Camilla Johnson (Capital Markets); Jon Cantor and Edward Grais (Tax); Ashlie Lawton (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Abram Ellis, Mark Skerry and Joseph Betteley (Regulatory); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).