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Belo prices $275 million in 8 percent notes
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DALLAS - Belo Corp. said Wednesday it has priced a $275 million bond offering it plans to use for paying down a line of credit.
The TV station operator said the notes will carry an interest rate of 8 percent, payable semiannually on May 15 and Nov. 15 beginning next year.
It plans to sell the notes, which come due in 2016, at 98.045 percent of face value.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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