News For MEG From The Last 14 Days Check below for free stories on MEG the last two weeks.
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February 10, 2012
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| 08:41 EDT |  | MEG |
| theflyonthewall.com: | Media General makes short-term bridge amendment to existing credit agreement | | Media General announced that the company has completed the first step in the refinancing process with its lender group, reaching agreement for a short-term bridge amendment to its existing credit agreement. The amendment provides Media General with near-term flexibility as it pursues discussions with the lender group concerning covenant amendments and an extension of the maturity of $363 million of bank debt due next year, March 29. The bridge amendment resets the leverage ratio during Q1 of 2012 and waives a Feb. 9, deadline to demonstrate covenant compliance on a prospective basis. :theflyonthewall.com |
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