Media General Gets ‘Some Breathing Room’ With Credit Agreement Amendment

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By: John Reid Blackwell | Richmond Times-Dispatch

Richmond-based Media General Inc. said Tuesday that it has reached an agreement with its lenders to extend by two years a debt repayment due next year, giving the company more breathing room as its looks to improve financial results.

The parent company of the Richmond Times-Dispatch said the amended credit agreement would extend the maturity date of $363 million in bank debt from March 2013 to March 2015, in return for a partial repayment of the debt.

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