- McClatchy (MNI -2.7%) says in a filing that it repurchased $20.47M in its 9% notes due 2022, using cash to acquire them at a discount.
- The move was a private transaction. In a separate move it also bought back $4.5M of its 5.75% notes due 2017 a discount.
- In its most recent report, CEO Pat Talamantes said the company was busy strengthening capital structure. Debt at quarter's end was $966.1M, with a leverage ratio of 4.59 times cash flow.