TEGNA Inc. announced that it has priced its previously announced offering of senior notes due 2028. The face value of the Notes is $1 billion, with an interest rate of 4.625%. The Notes were priced at 100% of face value. Subject to certain exceptions, the Notes may not be redeemed by the Company prior to March 15, 2023. The Notes will be guaranteed on a senior basis by certain subsidiaries of the Company. The Notes are being made available in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), with closing expected to occur on January 9, 2020, subject to market and customary closing conditions. The company intends to use the net proceeds to repay the remaining $310 million principal amount of its 5.125% Senior Notes due 2020, the $650 million principal amount of its 6.375% Senior Notes due 2023, the redemption premium on its 6.375% Senior Notes due 2023 and borrowings under its revolving credit agreement. The Notes are being offered only to persons reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act, and outside the United States in reliance of Regulation S under the Securities Act. There can be no assurance that the Notes offering will close on the terms described herein or at all.