Washington DC – February 5, 2018 – Cooley advised longstanding client Meredith Corporation on its $1.4 billion offering of senior notes due 2026 and its $2.15 billion credit facility. Debt finance partner Michael Tollini led the Cooley team advising Meredith on these financings.
Meredith used the net proceeds of these financings to fund a portion of its acquisition of Time, to repay existing Meredith and Time debt and to pay related fees and expenses.
Meredith, which trades on the NYSE as “MDP,” has been committed to service journalism for 155 years. Today, Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising and marketing partners.
Cooley previously advised Meredith on its $2.8 billion dollar agreement to acquire Time.
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