Meredith Corporation Announces Offering Of Senior Secured Notes
DES MOINES, Iowa, June 24, 2020 /PRNewswire/ --Meredith Corporation (NYSE: MDP; www.meredith.com ) announced today it intends to offer $300 million of senior secured notes due 2025, subject to market and other conditions.
- DES MOINES, Iowa, June 24, 2020 /PRNewswire/ --Meredith Corporation (NYSE: MDP; www.meredith.com ) announced today it intends to offer $300 million of senior secured notes due 2025, subject to market and other conditions.
- The notes will be guaranteed on a senior secured basis by certain subsidiaries of the Company.
- Meredith expects to raise the remainder of new debt in the form of incremental term loans.
- Meredith also owns MNI Targeted Media, which delivers targeted advertising solutions to more than 1,200 clients on a local, regional and national level.