LIN, Belo May Breach Loan Pacts

Apr 14, 2009  •  Post A Comment

LIN TV Corp. and Belo Corp. may be at risk of breaching loan agreements this year, as the TV station owners see their cash flows crimped by slowing ad sales, Bloomberg News reports. If they need to amend their loan agreements, the companies may be forced to pay fees and higher interest, the news service says. “They’re going to have to duke it out with the banks,” Moody’s bond analyst Neil Begley tells Bloomberg.
—Aimee Picchi

Your Comment

Email (will not be published)