Media General’s LIN Television unit redeems 6 3/8% notes at 103.188

By Marisa Wong

Morgantown, W.Va., Jan. 17 – Media General, Inc.’s wholly owned subsidiary, LIN Television Corp., deposited funds for the full redemption of its $275 million 6 3/8% senior notes due 2021 with trustee Bank of New York Mellon Trust Co., NA, and the note indenture was satisfied and discharged effective as of Jan. 17, according to an 8-K filing with the Securities and Exchange Commission.

LIN Television deposited the redemption funds upon completion of Nexstar Broadcasting Group, Inc.’s acquisition of Media General on Tuesday.

The redemption price for the 6 3/8% notes is 103.188 plus accrued interest to Jan. 27, the redemption date.

The company had originally issued a notice on Nov. 1, calling the 6 3/8% notes for redemption on Dec. 1 at par.

On Dec. 28 the company withdrew the original redemption notice and issued a new notice of conditional redemption to redeem the notes in full on Jan. 27 at 103.188.

Media General is a Richmond, Va.-based television company.

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