Tribune Co. leaves bankruptcy after 4 years
CHICAGO (AP) — Tribune Co. has emerged from a Chapter 11 restructuring more than four years after the media company sought bankruptcy protection.
The reorganized company said Monday that it is starting with a new board of directors and new ownership that includes senior creditors Oaktree Capital Management, Angelo, Gordon and Co., and JPMorgan Chase and Co.
Tribune closed on a new, $1.1 billion senior secured term loan and a $300 million revolving credit line. The loan will fund payments required under the reorganization plan, and the credit line will fund ongoing operations.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at email@example.com