UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): December 16, 2009
(Exact
name of Registrant as specified in its charter)
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Delaware
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1-9824
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52-2080478
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(State
or other jurisdiction of
incorporation or
organization)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
Number)
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2100
Q Street
Sacramento,
CA 95816
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(Address of principal executive
offices) (Zip Code)
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(916)
321-1846
(Registrant’s
telephone number, including area code)
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation
of the registrant under any of the following provisions:
⃞ Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
As previously disclosed, The McClatchy Company, a Delaware corporation
("McClatchy"), has been in the process of exploring options for refinancing its
2011 debt maturities. McClatchy is
currently in the process of seeking an amendment to its Credit Agreement, dated
June 27, 2006, as amended (the "Credit Agreement"), by and among McClatchy and
Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C
Issuer, JP Morgan Chase Bank, N.A., as Syndication Agent, and other lenders
thereto that, among other things, would amend the Credit Agreement to provide
flexibility to McClatchy to incur approximately
$875 million of senior secured refinancing debt (the "Senior Secured
Refinancing Debt"). Under the terms of the proposed amendment, the
proceeds from any incurrence of Senior Secured Refinancing Debt would be used to
reduce commitments and pay down amounts under the Credit Agreement for
consenting lenders as well as to refinance McClatchy's other near-term public
debt obligations. In addition, the proposed amendment would extend
the maturity of the Credit Facility for up to two years for consenting
lenders. The terms of the proposed amendment are preliminary and
subject to review and approval by the requisite lenders and the board of
directors of McClatchy and therefore subject to further revision in connection
with the amendment process.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
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December
16, 2009
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By:
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/s/Patrick
J. Talamantes
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Patrick J.
Talamantes
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Vice
President and Chief Financial
Officer
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