UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 8, 2006
MEDIA GENERAL, INC.
(Exact name of registrant as specified in its charter)
Commonwealth of Virginia | 1-6383 | 54-0850433 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
333 E. Franklin St., Richmond, VA | 23219 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (804) 649-6000
N/A
(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 (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On August 8, 2006, Media General, Inc., entered into a 5-year $300 million variable rate bank term loan agreement with the same syndicate of banks that provide its $1 billion revolving credit facility. This term loan has the same limited covenants as the Companys revolver. The Company plans to draw the full bank term loan at the end of August to pay off its $200 million senior notes which mature on September 1, 2006, and to use the remaining portion to pay down revolver debt.
Item 9.01 Financial Statements and Exhibits.
d) | Exhibits |
10 | Credit Agreement |
SIGNATURES
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 hereunto duly authorized.
MEDIA GENERAL, INC. | ||
(Registrant) | ||
Date August 10, 2006 | ||
/s/ Stephen Y. Dickinson | ||
Stephen Y. Dickinson | ||
Controller and Chief | ||
Accounting Officer |