Tribune Publishing Says it Can Carry More Debt After Spinoff

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By: Robert Channick | Chicago Tribune

Tribune Publishing may have the flexibility to carry more than $350 million in debt after its planned spinoff from Tribune Co., which sources say is expected to happen in early August.

In an amendment filed with the Securities and Exchange Commission late Tuesday, Tribune Publishing said that subsequent to the closing date, the company has the capacity to add to a previously reported $350 million senior term loan by up to $100 million, subject to certain conditions, increasing the potential debt to $450 million.

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