Tribune Accounts Receivable DIP Set To Wrap
The refinancing of the accounts receivable securitization debtor-in-possession loan for Tribune Co. was oversubscribed last week and is set to close on Friday.
"We didn't sell the first loan because it was basically a bridge. It was downsized because the company didn't need as much as we put in place," said one banker. The new loan has a one-year maturity.