The McClatchy Company · Bankruptcy · 2020
9.000% Senior Secured Notes due 2026
The McClatchy Company · CUSIP 579489AL9. 8 verified questions on this obligation.
Verified outcome
Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.
- Currency
- USD
- Final maturity
- 2026-07-15
- Seniority
- Senior
- Governing law
- New York
- Form
- Registered
- Transferable
- Yes (no contractual transfer restriction)
- Coupon
- 9.000%
Questions and verified answers
- #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?Eligible
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
Indenture of 2018-07-16
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
Indenture of 2018-07-16
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
Indenture of 2018-07-16
- #5 Does the instrument meet the Not Bearer characteristic?Yes
Indenture of 2018-07-16
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?YesNone: no clause making principal contingent was found.
- #7 Does the instrument meet the Transferable characteristic?YesNone: no clause restricting transfer was found.
- #8 Is the issuer of the instrument the Reference Entity?Yes
Indenture of 2018-07-16
Documents
Terms come from these documents. Fields the record omits show as not stated.
- DOC-1 McClatchy 8-K filed 2020-02-13, Item 1.03 Bankruptcy, petition 2020-02-13excerpts
- DOC-2 Indenture dated July 16, 2018, 9.000% Senior Secured Notes due 2026 (EX-10.4 to Form 10-Q filed 2018-08-09)excerpts
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