---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-015412"
form_type: "8-K"
ticker: null
cik: "0000039899"
company_name: "TEGNA INC"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:41:16.686862+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TEGNA amends credit facility: commitments reduced to $750M, term extended to 2029

## Summary
- Five-Year Commitments reduced to $750 million; maturity extended to January 25, 2029.
- Added $50 million swingline facility and temporary 0.5x step-up in Total Leverage Ratio after Qualified Acquisitions.
- Unrestricted Cash allowance increased to $600 million; EBITDA definition amended to include professional fees.
- Total Leverage Ratio covenant unchanged at 4.50x; lenders include JPMorgan, Mizuho, Citizens.

## SEC filing metadata
- accession: 0001193125-24-015412
- form_type: 8-K
- cik: 0000039899
- company_name: TEGNA INC
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39899/000119312524015412/0001193125-24-015412-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39899/000119312524015412/d645884d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-015412
- JSON: https://secwatch.observer/filing/0001193125-24-015412.json
- Plain text: https://secwatch.observer/filing/0001193125-24-015412.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/39899/000119312524015412/0001193125-24-015412-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/39899/000119312524015412/0001193125-24-015412-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.