Meredith raises $200 million
Meredith Corp. entered into a $200 million note purchase agreement this week with a group of purchasers of private placement notes. The agreement consisted of $50 million of 2.62 percent senior notes due March 1, 2015, and $150 million of 3.04 percent senior notes due March 1, 2018. The Des Moines-based company said money borrowed under the note purchase agreement will be used for the acquisition of the stock of Allrecipes.com Inc. and for general corporate purposes.
Trending News
