Tribune Media Starts Consent Solicitation on Senior Notes

Tribune Media, home to a diverse portfolio of television and digital properties, said premarket Tuesday it has started a consent solicitation with respect to its 5.875% senior notes due 2022.

Tribune is undertaking the consent solicitation at the request and expense of Sinclair Broadcast Group (SBGI) in accordance with the May 8 plan of merger. That plan stipulates that Sinclair’s unit, Samson Merger Sub, to be merged with and into Tribune, with Tribune surviving the merger as a unit of Sinclair. Immediately following the merger, Tribune will merge with and into Sinclair Television Group (STG), a unit of Sinclair, with STG surviving the merger.

Tribune is soliciting consents from holders of record of the notes as of June 12, to amend the indenture governing the notes, dated as of June 24, 2015, by and among Tribune, The Bank of New York Mellon Trust, as trustee, and certain units of Tribune, as guarantors.