Belo Prices $275 Million in 8 Percent Notes

Belo Corp. said Wednesday it has priced a $275 million bond offering it plans to use for paying down a line of credit.

The TV station operator said the notes will carry an interest rate of 8 percent, payable semiannually on May 15 and Nov. 15 beginning next year.

It plans to sell the notes, which come due in 2016, at 98.045 percent of face value.

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