UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events. |
Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release of TEGNA Inc., dated September 9, 2019, announcing a private offering of debt securities.
Item 9.01 | Financial Statements and Exhibits |
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Description | |||
99.1 |
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104 |
Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) |
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TEGNA INC. | ||
By: |
/s/ Akin S. Harrison | |
Akin S. Harrison | ||
Senior Vice President, General Counsel and Secretary |
Date: September 9, 2019
Exhibit 99.1
FOR IMMEDIATE RELEASE
September 9, 2019
TEGNA Announces Offering of Senior Notes
TYSONS, VA TEGNA Inc. (NYSE: TGNA) (the Company) announced today that it intends to offer $900 million of senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States in reliance on Regulation S under the Securities Act, subject to market and other conditions. The notes will be guaranteed on a senior basis by certain subsidiaries of the Company.
The Company intends to use the net proceeds to repay approximately $320 million of its unsecured notes bearing fixed rate interest at 5.125% due October 2019, approximately $290 million of its unsecured notes bearing fixed rate interest at 5.125% due July 2020 and borrowings under its revolving credit agreement.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities. The notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
Certain statements in this press release may be forward looking in nature or forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this press release are subject to a number of risks, trends and uncertainties that could cause actual performance to differ materially from these forward-looking statements. A number of those risks, trends and uncertainties are discussed in the Companys SEC reports, including the Companys annual report on Form 10-K and quarterly reports on Form 10-Q. Any forward-looking statements in this press release should be evaluated in light of these important risk factors.
TEGNA is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this press release by wire services, Internet service providers or other media.
About TEGNA
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 51 television stations and four radio stations in 43 markets, TEGNA is the largest owner of top 4 affiliates in the top 25 markets, reaching over 35 percent of all television households nationwide. TEGNA also owns leading multicast networks Justice Network and Quest. TEGNA Marketing Solutions (TMS) offers innovative solutions to help businesses reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNAs OTT advertising service.
# # #
For media inquiries, contact:
Anne Bentley
Vice President, Corporate Communications
703-873-6366
abentley@TEGNA.com
For investor inquiries, contact:
John Janedis, CFA
Senior Vice President, Capital Markets & Investor Relations
703-873-6222
jjanedis@TEGNA.com
Document and Entity Information |
Sep. 09, 2019 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | TEGNA INC |
Amendment Flag | false |
Entity Central Index Key | 0000039899 |
Document Type | 8-K |
Document Period End Date | Sep. 09, 2019 |
Entity Incorporation State Country Code | DE |
Entity File Number | 1-6961 |
Entity Tax Identification Number | 16-0442930 |
Entity Address, Address Line One | 8350 Broad Street |
Entity Address, Address Line Two | Suite 2000 |
Entity Address, City or Town | Tysons |
Entity Address, State or Province | VA |
Entity Address, Postal Zip Code | 22102-5151 |
City Area Code | (703) |
Local Phone Number | 873-6600 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock |
Trading Symbol | TGNA |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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