Newspaper & Mailroom

Tribune Signs Asset-Backed Commercial Paper Facility

Friday 04. July 2008 - Tribune Company announced today that it has signed a $300 million asset-backed commercial paper facility with Barclays Bank PLC.

The facility allows Tribune to raise cash proceeds through the company’s outstanding trade receivables. Initially, Tribune borrowed $225 million under this facility; net proceeds were used to repay the company’s term loan X.