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Tribune Financing Amendments Approved

Law360 (April 9, 2009, 12:00 AM EDT) -- A bankruptcy judge has approved financing amendments in Tribune Co.'s Chapter 11 proceedings that will allow the media giant to extend and modify its financing as it restructures.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware on Wednesday approved amendments to Tribune's securitization facility and letter of credit facility and reduced the company's aggregate commitment from $300 million to $220 million.

Tribune's aggregate commitment now comprises an aggregate revolving loan commitment of $75 million and an aggregate term commitment of...
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