SACRAMENTO, Calif., Feb. 27, 2018 /PRNewswire/ -- McClatchy (NYSE American-MNI) said it will present the company's business strategies and outlook for 2018 at the J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami, Florida at 11 a.m. Eastern today. Led by President and CEO Craig Forman and CFO Elaine Lintecum, the presentation will be available on the company's website (www.mcclatchy.com) shortly after it is delivered at the conference.
McClatchy also noted it has repurchased $20.0 million of its 9% Senior Secured Notes due 2022, plus unpaid and accrued interest, in privately negotiated transactions which will close today. Separately, it called $75 million of its 9% Senior Secured Notes due 2022 on January 25, 2018. With the $95 million of debt reduction in early 2018, the company has reduced its total secured debt, represented by the 9% 2022 notes, to $345 million. The company's total debt balance after the repurchase is $710.0 million.
McClatchy operates 30 media companies in 14 states, providing each of its communities with high-quality news and advertising services in a wide array of digital and print formats. McClatchy is a publisher of iconic brands such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News & Observer, and the (Fort Worth) Star-Telegram. McClatchy is headquartered in Sacramento, Calif., and listed on the New York Stock Exchange American under the symbol MNI.
View original content with multimedia:http://www.prnewswire.com/news-releases/mcclatchy-to-present-at-jp-morgan-global-finance-conference-and-reduces-debt-300604516.html
Stephanie Zarate, Investor Relations Manager, 916-321-1931, email@example.com