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Thursday, July 03, 2008

Tribune Press Release


Tribune Signs Asset-backed Commercial Paper Facility

CHICAGO, July 3, 2008 -- Tribune Company announced today that it has signed a $300 million asset-backed commercial paper facility with Barclays Bank PLC. The facility allows Tribune to raise cash proceeds through the company’s outstanding trade receivables. Initially, Tribune borrowed $225 million under this facility; net proceeds were used to repay the company’s term loan X.

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