TRIBUNE MEDIA COMPANY (NYSE:TRCO) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On January 9, 2017, Tribune Media Company (the “Company”) announced that the Company’s management is exploring, subject to continuing management review and further consideration and ultimate approval by the Company’s board of directors, (i) a possible maturity extension amendment for all, or a portion, of the Company’ outstanding $2,349 million of term loan indebtedness (as of September 30, 2016) and $300 million revolving credit facility and (ii) a possible increase in the aggregate principal amount of the Company’s revolving credit facility, in each case, under its existing senior credit agreement. The Company is exploring this potential maturity extension amendment and revolving credit facility increase in connection with the ongoing evaluation of its capital structure, taking into account market conditions.
If consummated, the terms of the maturity extension amendment and revolving credit facility increase will be disclosed upon completion. For the avoidance of doubt, the consummation of the maturity extension amendment and revolving credit facility increase is subject to further consideration and ultimate approval by the Company’s board of directors.
Forward-Looking Statements
This report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements express the Company’s current expectation of future events or its future performance and do not relate directly to historical or current events. As such, the Company’s future actions and related results may vary from any expectations or goals expressed in, or implied by, the forward-looking statements included in this report, possibly to a material degree. The Company can offer no assurance that the assumptions made in preparing any of the forward-looking statements will prove accurate or that any long-term goals will be realized. Specifically, the amendment described in this report is contingent upon, among other things, approval by the Company’s board of directors, and the Company can offer no assurance that this proposed transaction will be approved by the Company’s board of directors or consummated on the terms or within the timeframe that the Company currently contemplates, if at all. All forward-looking statements included in this report speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise.
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About TRIBUNE MEDIA COMPANY (NYSE:TRCO)
Tribune Media Company is a diversified media and entertainment business. The Company consists of approximately 40 television stations to which it provides certain services, along with a national general entertainment television network, a radio station, a production studio, its digital and data business, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. It operates through two segments: Television and Entertainment, which provides audiences across the country with news, entertainment and sports programming on Tribune Broadcasting local television stations, and television series and movies on WGN America, including through content produced by Tribune Studios and its production partners, as well as news, entertainment and sports information through its Websites and other digital assets, and Digital and Data, which provides technology and services that collect and distribute video, music, sports and entertainment data. TRIBUNE MEDIA COMPANY (NYSE:TRCO) Recent Trading Information
TRIBUNE MEDIA COMPANY (NYSE:TRCO) closed its last trading session down -0.31 at 37.25 with 1,187,127 shares trading hands.