NYT enters into $350M revolving credit facility, replacing $250M facility

NEW YORK TIMES CO

Five-year unsecured revolver matures July 27, 2027; no initial borrowing.
Financial covenants: min. interest coverage ratio 3.00x, max. leverage ratio 3.50x.
Facility increased from $250M under prior 2019 credit agreement.
Proceeds for general corporate purposes; dividend and stock repurchase permitted subject to covenants.

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