LIN Television to launch credit facility amendment, repricing Tuesday

By Paul A. Harris

Portland, Ore., Dec. 10 - LIN Television Corp. has scheduled an 11 a.m. ET conference call with its lenders to discuss an amendment to its existing senior secured credit facilities and a repricing of its existing term loan B.

J.P. Morgan Securities LLC is leading the effort.

The company is seeking a 325 basis points spread to Libor, with a 1% Libor floor. The reoffer price remains to be determined.

LIN is a Providence, R.I.-based broadcaster.

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