Tribune Said to Seek $4.1 Billion of Loans for TV Station Deal

By: Christine Idzelis | Bloomberg

Tribune Co. (TRBAA) is seeking $4.1 billion of loans to finance its acquisition of television stations and to refinance debt, according to a person with knowledge of the transaction.

JPMorgan Chase & Co. is arranging a $3.8 billion seven-year term loan and a $300 million five-year revolving credit line for the Chicago-based company, said the person, who asked not to be identified because terms aren’t set. The bank is hosting a meeting with lenders on Oct. 31.