UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): July 28, 2007
(Exact
name of registrant as specified in its charter)
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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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2100
Q Street
Sacramento,
CA 95816
(Address
of principal executive offices, zip code)
Registrant's
telephone number, including area code: (916)
321-1846
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:
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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
July 28, 2007, 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 Amendment") 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 covenant related to the consolidated total
leverage
ratio in the Credit Agreement was amended to increase the consolidated
covenant for three quarters and subsequently return to prior covenant
levels for the remaining applicable time periods for each range of
consolidated total leverage ratios that must be maintained by the
Company
under the Credit Agreement. In addition, covenant related to the
consolidated total interest coverage ratio in the Credit Agreement
was
amended to reduce the ratio through September 28, 2008 and return
to prior
covenant levels for the remaining time that the ratio must be maintained
by the Company under the Credit Agreement.
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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 is qualified
in its entirety by reference to the Amendment, which is filed as
Exhibit
10.1 to this Current Report on Form
8-K.
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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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10.1
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Amendment
No. 1 to Credit Agreement dated as of July 28, 2007 by and between
The McClatchy Company and Bank of America, N.A., as Administrative
Agent.
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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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July
31, 2007
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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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EXHIBIT
INDEX
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Exhibit No.
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Description
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10.1
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Amendment
No. 2 to Credit Agreement dated as of July 28, 2007 by and between
The McClatchy Company and Bank of America, N.A., as Administrative
Agent.
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