New York Times: Rescue Financing 8-K Filed

Most interestingly among the negative covenants listed:

• Creating liens on any properties
• Incur additional debt prior to March 2010, if pro forma leverage is higher than 2.75x
• Engage in sale/leaseback transactions, with up to $225 million carveout for NYT HQ building
• Merge or consolidate with other assets
• Transfer or sell assets, with any sales over $10 million have to be used to pay down debt

There is also a 101% change of control put.