Bankrupt Tribune Co. Seeks Cash To Fund Operations

Law360, New York (December 9, 2008, 12:00 AM EST) -- Tribune Co. is seeking to amend an existing loan agreement with Barclays Bank PLC and obtain a letter of credit facility of up to $50 million from the bank to help the bankrupt media giant fund operations while restructuring its massive debt load.

According to the company's first-day motion, one of several filed Monday in the U.S. Bankruptcy Court for the District of Delaware, the proposed financing agreement would involve loans to Tribune Receivables LLC, which is not a debtor, meaning the loans would not be...
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