DELAWARE
(State
or other jurisdiction of
incorporation
or organization)
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1-9824
(Commission
File
Number)
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52-2080478
(I.R.S.
Employer
Identification
No.)
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Written
communications pursuant to Rule 425 under the Securities Act (l7 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (l7 CFR
240-14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (l7 CFR
240.13e-4(c))
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Item
1.01 Entries Into a Material Definitive Agreement.
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On
March 28, 2008, The McClatchy Company, a Delaware corporation ("McClatchy"
or the "Company") entered into an agreement with Bank of America, N.A., as
Administrative Agent, to amend the Credit Agreement dated June 27, 2006
(the "Credit Agreement") by and among McClatchy and Bank of America, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer, JPMorgan Chase
Bank, N.A., as Syndication Agent and other lenders thereto (the
"Amendment").
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Pursuant
to the Amendment the Company’s interest rates have been increased 50 to 75
basis points based on its total leverage ratio whenever the ratio is
greater than 4:00 to 1:00. In the report on Form 8-k previously filed on
March 31, 2008, the description incorrectly indicated that pursuant to the
Amendment the Company’s interest rates have been increased 25 to 50 basis
points based on its total leverage ratio whenever the ratio is greater
than 4:00 to 1:00. Additional details are included in the
Amendment.
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Except
as provided in the Amendment and prior amendments, all other provisions of
the Credit Agreement remain in full force and effect. The foregoing
description of the Amendment does not purport to be complete and is
qualified in its entirety by reference to the Amendment, which was filed
as Exhibit 10.1 to the Current Report on Form 8-K filed on March 31,
2008.
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Item 9.01 Financial
Statements and Exhibits.
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(d)
Exhibits.
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Exhibit No.
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Description
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April
1, 2008
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The
McClatchy Company
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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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