Belo 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 29, 2008.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (214) 977-6606
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On October 29, 2008, Belo Corp. (the Company) borrowed $364 million under its $600 million bank credit facility to fund the retirement of its 8% Senior Notes due November 1, 2008 in an aggregate principal amount of $350 million plus accrued interest. The credit facility was established pursuant to the Amended and Restated Five-Year Competitive Advance and Revolving Credit Facility Agreement dated as of June 7, 2006, among the Company, as borrower; JPMorgan Chase Bank, N.A., as Administrative Agent; J.P. Morgan Securities Inc. and Banc of America Securities LLC, as Joint Lead Arrangers and Joint Bookrunners; Bank of America, N.A., as Syndication Agent; and Sun Trust Bank, The Bank of New York, and BNP Paribas, as Documentation Agents; and Mizuho Corporate Bank, Ltd., as Co-Documentation Agent (the Credit Agreement). The Credit Agreement was amended on February 4, 2008 (the First Amendment). The Credit Agreement and the First Amendment were previously filed with the Securities and Exchange Commission on June 7, 2006 and February 5, 2008, respectively, as Exhibits 10.1 to the Companys Current Reports on Form 8-K. A copy of the press release announcing this borrowing is furnished as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.