McClatchy Co (MNI.N)
2.58USD
1:32am IST
$0.01 (+0.39%)
$2.57
$2.56
$2.61
$2.51
19,910
77,853
$3.46
$1.50
MNI.N
About
Overall
| Beta: | 3.21 |
| Market Cap (Mil.): | $221.39 |
| Shares Outstanding (Mil.): | 86.15 |
| Dividend: | -- |
| Yield (%): | -- |
Financials
TEXT - S&P says McClatchy Co ratings unchanged following debt change
Dec 4 - Standard & Poor's Ratings Services said today that its ratings on Sacramento, Calif.-based The McClatchy Co. (B-/Stable/--) remain unchanged following a modification of the size of its debt issue. The 'B' issue-level rating and '2' recovery rating on the company's 9% first-lien senior secured notes due 2022 remain unchanged following the increase to $910 million from $750 million. The company will now use issue proceeds to fund the tender of all of its $846 million 11.5% senior secured
New Issue- McClatchy sells $910 mln in notes
Dec 4 - The McClatchy Co on Monday sold $910 million of senior secured first lien notes in the 144a private placement market, said IFR, a Thomson Reuters service. The size of the deal was increased from the originally planned $750 million. J.P. Morgan, Bank of America Merrill Lynch and Credit Suisse were the joint bookrunning managers for the sale. BORROWER: MCCLATCHY AMT $910 MLN COUPON 9 PCT MATURITY 12/15/2022 TYPE SR NTS ISS PRICE 100 FIRST PAY
TEXT - S&P rates The McClatchy Co notes
Overview -- U.S. newspaper publisher The McClatchy Co. has proposed the issuance of $750 million privately placed Rule 144A first-lien senior secured notes due 2022. -- We expect proceeds will be used to fund the tender of $700 million of its 11.5% senior secured notes due 2017. -- We are assigning our 'B' issue-level rating to the notes, with a '2' recovery rating, and affirming our 'B-' corporate credit rating on the company. -- The stable rating outlook reflects our ex
Competitors
| Price | Change | |
|---|---|---|
| Gannett Co., Inc. (GCI.N) | $21.16 | +0.02 |
| The New York Times Company (NYT.N) | $10.36 | +0.15 |
| The New York Times Company (NYTAB.PK) | $9.85 | +2.85 |
| The E.W. Scripps Company (SSP.N) | $13.37 | +0.11 |
| Lee Enterprises, Incorporated (LEE.N) | $1.69 | -0.02 |
| Lee Enterprises, Incorporated (LEENB.PK) | -- | -- |
| A. H. Belo Corporation (AHC.N) | $6.84 | -0.01 |
| Journal Communications, Inc. (JRN.N) | $6.71 | +0.12 |
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
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