Tribune Co. to pay back some high-interest loans

Tribune said Tuesday that it plans to pay back $170 million of the $225 million in debtor-in-possession financing it took out to help pay for the Chapter 11 bankruptcy proceeding it entered in December. The Chicago-based company will close out a $150 million term loan from Barclays Bank PLC that was financed by its receivables and carries an interest rate well above the market benchmark. It also will pay back $20 million it has drawn down on a $75 million credit line.