TEGNA Inc.’s $550 Million Notes Offering

Nixon Peabody advised TEGNA Inc. on the deal.

TEGNA Inc. (NYSE: TGNA) announced its private placement offering of $550 million aggregate principal amount of 4.750% Senior Notes due 2026, as part of the innovative media company’s strategic plan to take advantage of the current low interest-rate environment.

TEGNA intends to use the net proceeds to redeem $350 million aggregate principal amount of its 4.875% Senior Notes due 2021 and $188 million aggregate principal amount of its 5.500% Senior Notes due 2024.

The Nixon Peabody team was led by John Partigan (Picture) and also included Richard Langan, Brian Kopp and Sean Clancy and associates Pierce Han and Bohao Zhou.

Involved fees earner: Sean Clancy – Nixon Peabody LLP; Pierce Haesung Han – Nixon Peabody LLP; Brian Kopp – Nixon Peabody LLP; Richard Langan Jr. – Nixon Peabody LLP; John Partigan – Nixon Peabody LLP; Bohao Zhou – Nixon Peabody LLP;

Law Firms: Nixon Peabody LLP;

Clients: TEGNA Inc.;

Author: Ambrogio Visconti