McClatchy Taking On New Debt to Pay Back Existing $700 Million
Posted: 11/30/2012  |  By: Kelly Johnson | Biz Journals
The McClatchy Co., which owns The Sacramento Bee, is buying time on hundreds of millions of debt through a refinance.

The Sacramento-based media company (NYSE: MNI) is taking on $750 million in new debt that would be due in 2022 so it can buy back $700 million in existing debt that’s due in 2017, McClatchy reported in two news releases Wednesday.