LIN TV Unit To Offer $200 Million Of Senior Notes
April 7, 2010 (FinancialWire) — LIN TV Corp. (NYSE: TVL) said that its wholly owned subsidiary, LIN Television Corp., plans to offer $200 million of its senior notes due 2018.
The notes will be guaranteed by LIN TV Corp. and LIN Television Corp.’s subsidiaries.
LIN plans to use the net proceeds from the sale to repay outstanding amounts under LIN Television Corp.’s credit facility.
Rhode Island-based LIN TV, along with its subsidiaries, is a local multi-media company that owns and/or operates 28 network-affiliated broadcast television stations and interactive television station and niche web sites in 17 U.S. markets.
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