TEGNA’s $550 Million Debt Offering


Simpson Thacher represented the initial purchasers in the offering.

TEGNA Inc. executed its offering of $550 million aggregate principal amount of 4.75% Senior Notes due 2026. The deal was upsized from $400 million to $550 million.

The net proceeds from the transaction were used to repay a portion of TEGNA’s existing notes.

TEGNA (NYSE: TGNA) is a leading local news and media content provider with 63 television stations and two radio stations in 51 U.S. markets.

The Simpson Thacher team representing the initial purchasers, led by J.P. Morgan Securities LLC, included David Azarkh (Picture) and Evan Zuckerman (Capital Markets); Jon Cantor and Edward Grais (Tax); Ashlie Lawton (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Abram Ellis, Mark Skerry and Tomi Mendel (Regulatory); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Abram Ellis – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Ashlie Lawton – Simpson Thacher & Bartlett; Tomi Mendel – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Evan Zuckerman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: J.P. Morgan Securities LLC;

Author: Ambrogio Visconti