Davis Polk advised Bank of America, N.A. as joint lead arranger, joint bookrunner, administrative agent and collateral agent, in each case in connection with the $140 million asset-based revolving credit facility provided to Tribune Publishing Company in connection with its spinoff from Tribune Media Company. The proceeds will be used by Tribune Publishing Company and its subsidiaries for working capital and general corporate purposes.  

Tribune Publishing Company is a diversified media publishing company. Its leading newspapers include the Los Angeles Times, Chicago Tribune, Baltimore Sun and Sun Sentinel. Tribune Publishing Company’s portfolio also includes 60 digital properties and over 150 niche publications.

The Davis Polk financing team included partner Monica Holland and associates Meir Dominitz and Lauren Katz. All members of the Davis Polk team are based in the New York.