TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) announced today the successful completion of its previously announced private placement offering of $1.1 billion aggregate principal amount of its 5.000% Senior Notes due 2029.

“TEGNA’s track record of financial discipline and effective capital allocation led to strong market interest in these notes, resulting in highly favorable terms,” said Dave Lougee, president and CEO, TEGNA. “With this successful offering, TEGNA has further strengthened its balance sheet and increased its financial flexibility to support future growth initiatives.”

About TEGNA

TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 51 television stations and four radio stations in 43 markets, TEGNA is the largest owner of top 4 affiliates in the top 25 markets, reaching over 35 percent of all television households nationwide. TEGNA also owns leading multicast networks Justice Network and Quest. TEGNA Marketing Solutions (TMS) offers innovative solutions to help businesses reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service.