As previously disclosed, The McClatchy Company had access to an aggregate principal amount of $50 million of debtor-in-possession financing on the terms set in that certain Debtor-in-Possession Credit Agreement (the “DIP Credit Agreement”) among Encina Business Credit, LLC, as administrative agent for each member of the Lender Group and the Bank Product Providers, the Company, as a debtor and debtor-in-possession, and certain of the Borrowers party thereto. On September 4, 2020, in connection with, and effective as of, the Closing of the Sale Transaction, the DIP Credit Agreement was terminated, along with the obligations of the parties thereunder. Also on September 4, 2020, in connection with, and effective as of, the Closing of the Sale Transaction, the debt underlying the indenture for the company’s Senior Secured Notes due 2026 (the “First Lien Notes”) was extinguished as to the company, along with the obligations of the company thereunder.