secwatch.observer — SEC 8-K summary
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Issuer:     TEGNA INC (—)
CIK:        0000039899
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-015412
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39899/000119312524015412/0001193125-24-015412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39899/000119312524015412/d645884d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-015412

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