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Tribune Co. to Pay Back $170 Million in Debt

Nov 11, 2009  •  Post A Comment

Tribune Co. will pay back $170 million of its $225 million debtor-in-possession financing it took out to help pay for its Chapter 11 bankruptcy proceeding, the Chicago Tribune reports.

The loans carry a high interest rate. Existing cash will be used to make the payments.

–Elizabeth Jensen

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