WASHINGTON--(BUSINESS WIRE)--Jan. 27, 2009--The Washington Post Company (NYSE:WPO) today announced the pricing of
$400 million in fixed-rate notes.
The ten-year notes will have a coupon of 7.25% per annum, payable
semi-annually on February 1 and August 1, beginning August 1, 2009. The
notes, which mature on February 1, 2019, were priced at 99.614% of par
for an effective yield of 7.305% per annum. Closing is scheduled for
January 30, 2009.
The Company intends to use the net proceeds from the sale of the notes
to repay $400 million of notes that mature on February 15, 2009.
The offering will be sold through underwriters led by Citigroup Global
Markets Inc. and J.P. Morgan Securities Inc., and including SunTrust
Robinson Humphrey, Inc., Wachovia Capital Markets, LLC, BNY Mellon
Capital Markets, LLC, PNC Capital Markets LLC and Wells Fargo
Copies of the prospectus relating to the offering may be obtained when
available by calling Citigroup Global Markets Inc. toll free at
1-877-858-5407 or J.P. Morgan Securities Inc. collect at 212-834-4533.
About The Washington Post Company
The Washington Post Company (NYSE:WPO) is a diversified education and
media company whose principal operations include educational services,
newspaper and magazine publishing, television broadcasting, cable
television systems and electronic information services.
CONTACT: The Washington Post Company
Rima Calderon, 202-334-6617
Source: The Washington Post Company