By musiclover - Mon Nov 01, 2:00 pm

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Edited bymusiclover

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New York Times Co. sold $225 million of six-year bonds to refinance debt as the publisher of the namesake newspaper seeks to repay a loan from Mexican billionaire Carlos Slim three years ahead of schedule.

The senior-note offering, boosted from $200 million, is part of a “refinancing strategy,” the New York-based company said today in a statement distributed by Business Wire. The 6.625 percent notes yield 501 basis points more than similar- maturity Treasuries, according to data compiled by Bloomberg.

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