Item 8.01 Other Events.
On April 16, 2020, The McClatchy Company (the "Company") issued a press release
announcing that two of the Company's senior secured lenders, Chatham Asset
Management and Brigade Capital Management, submitted a non-binding term sheet to
acquire the Company in a credit-bid of the Company's first-lien debt of $263
million, plus new money consideration of $30 million, the assumption or
refinancing of the Company's ABL revolver and the assumption of substantially
all amounts owed to the Company's go-forward trade vendors. The Company's board
of directors will evaluate this term sheet against other proposals the Company
may receive in this process.
A copy of the press release is attached as Exhibit 99.1 to this Current Report
on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release dated April 16, 2020.
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THE MCCLATCHY COMPANY 
