secwatch / observer
8-K filed January 25, 2024, 6:59 PM ET CIK 0000039899
debt confidence high sentiment neutral materiality 0.50

TEGNA INC: debt financing — TEGNA amends credit facility: commitments reduced to $750M, term extended to 2029

TEGNA INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TEGNA INC amended revolving credit of $750 million with JPMorgan Chase Bank, N.A., as administrative agent maturing January 25, 2029.

Instrument
revolving credit
Principal
$750 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Maturity
January 25, 2029
Event
amendment
Exact text from the filing
remain unchanged at 4.50 to 1.00. Among other things, the Amendment amends the Credit Agreement to: • Reduce the Five-Year Commitments (as defined in the Credit Agreement) to $750 million; • Extend the term of such Five-Year Commitments to January 25, 2029, subject to a 91-day springing maturity date if debt in excess of $300 million (subject to certain
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TEGNA INC amended Amended and Restated Competitive Advance and Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (effective 2024-01-25).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
Effective
2024-01-25
Exact text from the filing
On January 25, 2024, TEGNA Inc. (the “Company”) entered into an amendment (the “Amendment”) to that certain Amended and Restated Competitive Advance and Revolving Credit Agreement, dated December 13, 2004 and effective as of January 5, 2005, and as amended and restated as of August 5, 2013, as further amended as of June 29, 2015, September 30, 2016, August 1, 2017, June 21, 2018, August 15, 2019, June 11, 2020, and May 14, 2023, among the Company, the several lender parties thereto, JPMorgan Chase Bank, N.A., as administrative agent and swingline lender, JPMorgan Chase Bank, N.A., Citibank, N.A., Barclays Bank PLC, and Royal Bank of Canada, as issuing lenders (the “Credit Agreement”).
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Source: SEC EDGAR
accession 0001193125-24-015412
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