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April 12, 2010
WASHINGTON, DC, April 12, 2010 — LIN TV Corp., a local television and multimedia company, has announced the private placement by its wholly owned subsidiary, LIN Television Corporation, of $200 million of its 8 3/8% Senior Notes due 2018 (the “Notes”). Net proceeds from the sale of the Notes are expected to be used to repay outstanding amounts under LIN Television Corporation’s credit facility. Covington & Burling LLP advised LIN Television Corporation on the transaction.
The Covington corporate team was led by partner David Engvall, with associates Michael Riella, James Wawrzyniak,* and Matt Connolly**. All are based in the firm’s Washington office. Partner Rob Heller in New York advised on tax.
*Admitted to the New York bar; not admitted to practice in Washington.
**Admitted to the Massachusetts bar; not admitted to practice in Washington.