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Journal Extends Credit Facility Through 2013


Journal Communications, parent of Journal Broadcast Group has amended its revolving credit facility and extended its maturity date. The amendment provides for a revolving facility with commitments of $299 million, $74 million of which matures on June 2, 2011 and $225 million of which matures on December 2, 2013.

"We are pleased to have completed this amendment, which has enabled us to extend the maturity of our credit facility by an additional 2 1/2 years, while providing us with sufficient financial flexibility to operate our business, pay down debt and opportunistically grow our company. We appreciate the bank group's continued support," said Journal Chairman/CEO Steven J. Smith.

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