Meredith’s $3.5 Billion of Debt Financings

Cooley advised longstanding client Meredith Corporation on its $1.4 billion offering of senior notes due 2026 and its $2.15 billion credit facility.

Meredith used the net proceeds of these financings to fund a portion of its acquisition of Time, to repay existing Meredith and Time debt and to pay related fees and expenses.

Meredith Corporation is a diversified media company primarily focuses on publishing and broadcasting. The company, led by Stephen M Lacy, Thomas H Harty and Joseph H Ceryanec, in 2017 has recorded $1.713 Billion Revenues.

Cooley advised Meredith Corporation with a team including Michael Tollini (Picture), Darren DeStefano, Patrick Flanagan, Mark Ballantyne, Amanda Fant, Bert Forsythe, Clara Pauw, Darah Protas and Katie Stork.

 

Involved fees earner: Michael Tollini – Cooley LLP; Darren DeStefano – Cooley LLP; Darah Protas – Cooley LLP; Mark Ballantyne – Cooley LLP; Patrick Flanagan – Cooley LLP; Amanda Fant – Cooley LLP; Bert Forsythe – Cooley LLP; Clara Pauw – Cooley LLP; Katie Stork – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Meredith Corporation;