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News Stories (89 Results) - Media

Post Road Equipment Finance closed two significant transactions within the media industry, solidifying its position as a premier financing partner in this dynamic sector.In a substantial move, PREF has secured a $40 million lease line with a globally... Read Story

June 17, 2024, 07:30 AM

WhiteHawk Capital Partners entered into an agreement with MediaCo Holding, Inc. (“MediaCo”) to provide a $45 million first lien term loan facility on April 17th, 2024. MediaCo used proceeds of the Facility to finance an acquisition of Estrella... Read Story

May 22, 2024, 07:50 AM

Gray Television announced that it intends to offer up to $1 billion aggregate principal amount of senior secured first lien notes due 2029, subject to market conditions. The offering will be exempt from the registration requirements of the Securities... Read Story

May 21, 2024, 07:06 AM

SLR Digital Finance (SLRDF) funded a $500,000 accounts receivable credit facility for a digital media startup.The company provides programmatic advertising services, helping brands and agencies optimize ad spend across online video, connected TV... Read Story

April 25, 2024, 07:18 AM

SLR Digital Finance announced the funding of a $5 million working capital facility for Engine Vision Media. The facility will support the company’s working capital needs and to fuel growth as they expand their publication footprint nationwide along... Read Story

December 14, 2023, 07:14 AM

Troika Media Group, a consumer engagement and customer acquisition group, entered into a restructuring support agreement with certain funds managed by Blue Torch Finance, the Company's senior secured lenders, pursuant to which Blue Torch would... Read Story

December 07, 2023, 07:30 AM

Eclipse Business Capital (“EBC”) provided a $40 million senior secured ABL credit facility to a Canadian media company.The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing... Read Story

December 04, 2023, 07:50 AM

Legacy Corporate Lending completed a $7 million credit facility to PostWorks New York, LLC (“PostWorks”) to support the company’s ongoing capital needs continued growth.Independently owned and based in New York City, PostWorks is the East Coast's... Read Story

May 31, 2023, 08:00 AM

SLR Digital Finance funded a $5MM credit facility for Ignite Media Group, a performance marketing company that offers digital marketing strategy, multi-channel targeted advertising, compliance management, analytics, and campaign optimization to... Read Story

February 09, 2023, 07:50 AM

Audax Private Debt, as Administrative Agent and Sole Lead Arranger, provided a unitranche credit facility to support the acquisition of MediaRadar by Thompson Street Capital Partners, a St. Louis-based private equity firm.Founded in 2006 and... Read Story

September 29, 2022, 07:23 AM

iMedia Brands selected B. Riley Real Estate as Advisor to manage and complete its sale-leaseback process for one or more of its owned properties. The Company is targeting a Q4 closing date.The Company is marketing its two buildings located in Eden... Read Story

September 13, 2022, 07:18 AM

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support three add-on acquisitions (Sonic Health, The Seismic Collaborative, and Aurora Healthcare Communications) and provide growth... Read Story

August 25, 2022, 08:08 AM

Bay Point Media has provided a $20.0 million loan to Athena Studios to finance the construction of a new state-of-the-art studio development in Athens, GA. The 45-acre studio will feature over 200,000 square feet of purpose-built space for film and... Read Story

August 11, 2022, 07:00 AM

FaZe Clan, the interactive lifestyle and media brand rooted in gaming and youth culture, announced that on July 19, 2022 it completed its business combination (the “Business Combination”) with B. Riley Principal 150 Merger Corp. ("BRPM"), a special... Read Story

July 21, 2022, 07:00 AM

National CineMedia entered into a new revolving credit facility providing for $50.0 million of revolving loan commitments, the entire amount of which was drawn on January 5, 2022. According to the 8K filed with the SEC, WSFS Bank served as the... Read Story

January 07, 2022, 07:20 AM

FaZe Clan has entered into a definitive merger agreement to combine with B. Riley Principal 150 Merger Corp., a special purpose acquisition company sponsored by an affiliate of B. Riley Financial. The proposed business combination transaction implies... Read Story

October 26, 2021, 07:29 AM

Stingray Group, a leading music, media and technology company, successfully completed the increase and extension of its existing credit facilities, providing additional liquidity for operations and M&A activities. The $442.5 million credit facilities... Read Story

October 19, 2021, 07:34 AM

Gannett Co. announced that Gannett Holdings LLC (the “Borrower”), a wholly-owned subsidiary of the Company, has entered into a five-year senior secured term loan facility in an aggregate principal amount of $516 million (the “Credit Facility”) on... Read Story

October 18, 2021, 07:00 AM

Gannett announced that Gannett Holdings LLC (the “Issuer”), a wholly-owned subsidiary of the Company, has commenced an offering of $400 million aggregate principal amount of senior secured notes due 2026 (the “Senior Notes”). The Issuer intends to... Read Story

October 04, 2021, 07:04 AM

Siena Lending Group closed an $80 million credit facility with iMedia Brands, Inc. which was completed on July 30, 2021. In addition to the $80MM asset-based revolving credit facility, Siena arranged a $28.5MM term loan secured by Company-owned real... Read Story

August 12, 2021, 07:16 AM

iMedia Brands announce that on July 30, 2021, the Company closed on a new $108.5 million debt financing comprising a revolving credit facility from Siena Lending Group and a term note from GreenLake Asset Management.The new revolving credit facility... Read Story

August 06, 2021, 07:40 AM

Digital Media Solutions announced that its operating subsidiary, Digital Media Solutions has entered into a new $275 million five-year senior secured credit facility, which consists of term loans in an aggregate principal amount of $225 million and a... Read Story

May 26, 2021, 07:38 AM

Gannett announced that Gannett Holdings, LLC, a wholly owned subsidiary of the Company, has priced a $1.045 billion term loan (“Term Loan B”), which will be used to refinance the 11.5% term loan entered into for the acquisition of Gannett Media Corp.... Read Story

February 01, 2021, 08:21 AM

White Oak Commercial Finance announced it provided a $50 million asset-based credit facility to a leading, U.S-based digital media & advertising company to support its continuing growth.The transaction was structured against the company’s accounts... Read Story

January 20, 2021, 08:00 AM

The E.W. Scripps Company and Black Diamond Capital Management LLC have closed Scripps' acquisition of ION Media Networks Inc.The transaction was financed with $800 million in term loans, $550 million of secured notes and $500 million of unsecured... Read Story

January 08, 2021, 08:00 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $50 million senior secured credit facility to a news publishing company.The facility consists of a senior secured revolving line of credit based on accounts receivable and inventory.... Read Story

September 21, 2020, 08:00 AM

Salem Media Group, Inc., entered into Amendment Number Three, dated as of April 7, 2020, of the Credit Agreement, as amended (the "Credit Agreement"), with Wells Fargo Bank, N.A., as administrative agent for each member of the Lender Group and the... Read Story

April 13, 2020, 09:20 AM

Great Point Capital Management and National Resources announced that they have closed a $40 million loan with CIT to complete the financing of Great Point’s first construction project, a major film and television studio complex at i.Park Hudson in... Read Story

April 08, 2020, 08:00 AM

Encina Business Credit, LLC (EBC) announced the completion of a $50.0 million revolving credit facility for The McClatchy Company (McClatchy). The facility was used to refinance McClatchy’s pre-petition, asset-based revolver and support their working... Read Story

February 14, 2020, 09:05 AM

The Walt Disney Company finalized its acquisition of Twenty-First Century Fox, Inc., with financial backing co-agented by Citibank and JPMorgan Chase Bank. Pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of June 20, 2018... Read Story

March 20, 2019, 08:30 AM

Super G Capital  provided $2 million in financing to a cloud-based media monitoring and intelligence platform with contracted, recurring revenue. The Company had a line of credit as well as a term loan in place with a Bank. Due to lender fatigue and... Read Story

February 14, 2019, 07:22 AM

U.S. broadcast station mergers and acquisitions (M&A) volume reached $4.31 billion in the fourth quarter of 2018, as tracked by Kagan, a media research group within S&P Global Market Intelligence. In the largest deal of the quarter and year, Nexstar... Read Story

January 22, 2019, 07:08 AM

Jam City, Inc., a leader in mobile entertainment, announced $145 million in strategic financing jointly led by JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch, and a syndicate of lenders including Silicon Valley Bank, SunTrust Bank and... Read Story

January 17, 2019, 07:25 AM

Monroe Capital LLC announced it acted as lead arranger and administrative agent on the funding of a senior credit facility to support Digital Media Solutions’ (DMS) continued growth and acquisition of W4, LLC (W4). DMS is owned by management and... Read Story

July 31, 2018, 07:05 AM

Global private equity giant Silver Lake Partners is reportedly seeking to invest $500 million into bankrupt communications firm iHeartMedia. According to a report in The Wall Street Journal, Silver Lake extended the overture to iHeart's largest... Read Story

July 20, 2018, 07:24 AM

U.S. broadcast station mergers and acquisitions (M&A) volume reached $5.11 billion in the second quarter of 2018, as tracked by Kagan, a media research group within S&P Global Market Intelligence. This is the largest quarterly deal volume since the... Read Story

July 05, 2018, 08:00 AM

Gray Television, Inc. and Raycom Media, Inc., an employee-owned company, jointly announced that they have entered into an agreement to combine their companies in a transformative transaction that will create the single largest owner of top-rated... Read Story

June 26, 2018, 07:43 AM

Lantern Capital Partners, a Dallas-based private equity firm that specializes in investing in underperforming companies, has been selected as the winning bidder for the purchase of bankrupt film production studio The Weinstein Company, according to... Read Story

May 03, 2018, 08:00 AM

iHeartMedia, Inc. announced that it has reached an agreement in principle with holders of more than $10 billion of its outstanding debt and its financial sponsors. The agreement reflects widespread support across the capital structure for a... Read Story

March 16, 2018, 07:38 AM

Thomson Reuters announced that it has signed a definitive agreement to enter into a strategic partnership with Blackstone. As part of the transaction, Thomson Reuters will sell a 55% majority stake in its F&R business to private equity funds managed... Read Story

January 31, 2018, 07:45 AM

Capital One announced that it served as Sole Lead Arranger, Sole Bookrunner and Administrative Agent for a five-year, $200 million senior credit facility to VerticalScope. The facility consists of a $110 million term loan, a $70 million delayed-draw... Read Story

October 26, 2017, 07:18 AM

Bridge Bank announced it has provided MediaAlpha with a new $20 million credit facility, specifically a $5 million term loan and $15 million line of credit along with a range of customizable products and services. The facility and services will... Read Story

June 20, 2017, 07:16 AM

Radio One, Inc. closed on a new senior secured credit facility, with Guggenheim Securities Credit Partners, LLC, as administrative agent, The Bank of New York Mellon, as collateral agent and Guggenheim Securities, LLC sole lead arranger and sole book... Read Story

April 25, 2017, 07:15 AM

Mood Media Corporation, announced it has entered into the First Amendment to Credit Agreement (the “Amendment”) which amends its Credit Agreement, dated as of May 1, 2014, among Mood Media Corporation, the guarantors thereto, Credit Suisse AG, as... Read Story

November 28, 2016, 07:15 AM

Opus Bank announced that its Media and Entertainment Banking division participated and funded into a $400 million senior credit facility to The Weinstein Company (“TWC”), which facility is agented by MUFG Union Bank, N. A.TWC is an independent studio... Read Story

August 01, 2016, 08:33 AM

Inception Media Group, LLC, a diversified media company specializing in the acquisition, development and distribution of entertainment content, has secured a credit facility from Templar Business Credit, a leading provider of working capital to... Read Story

July 19, 2016, 07:23 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Penthouse (the "Company") in the sale of all of its outstanding stock to Penthouse Global Media, Inc.  The transaction closed in February 2016. Penthouse is an iconic name in adult... Read Story

April 08, 2016, 07:40 AM

Xcel Brands, Inc., a brand development and media company, has completed a refinancing of its senior debt with Bank Hapoalim B.M. The new credit facility refinances and consolidates approximately $27.875 million of senior debt that the Company... Read Story

March 03, 2016, 07:26 AM

Monroe Credit Advisors (“MCA”) announced the successful placement of a $20 million term loan for London Broadcasting Company, Inc. (“LBC”), a portfolio investment of SunTx Capital Partners (“SunTx”). LBC is a Dallas-based media business focused upon... Read Story

March 01, 2016, 07:58 AM

SheKnows Media, a leading women’s media company with 92.5 million unique visitors per month* and a total reach of 256 million social media fans, today announced that it has closed an expanded credit facility of $22 million through Ally Corporate... Read Story

January 26, 2016, 07:00 AM

Monroe Capital LLC acted as sole lead arranger and administrative agent on a $35 million senior credit facility to support the recapitalization of 101.1 More FM/WBEB by a fund affiliated with Equity Group Investments.  101.1 More FM/WBEB is a... Read Story

January 12, 2016, 08:17 AM

NXT Capital announced that it has provided a $70 million senior credit facility to fund Stephens Capital Partners’ acquisition of Women’s Marketing, Inc. NXT Capital was the sole lead arranger, administrative agent and sole bookrunner for this... Read Story

January 06, 2016, 07:09 AM

Cision, a global media intelligence company, has announced an agreement to acquire PR Newswire, a premier provider of multimedia communications, from UBM plc, in a transaction that will create a global leader of communications software and services.... Read Story

December 15, 2015, 07:11 AM

FilmTrack, the global leader in content and rights management for the worldwide media and entertainment industry, has secured an additional $10 million in growth capital. The new investment is comprised of $5 million in venture debt financing from... Read Story

October 09, 2015, 07:35 AM

Square 1 Bank provided a $1 million credit facility to new client Molio, Inc., a creative and media agency focused on building brands through YouTube. Proceeds from the facility will be used to fuel the company's continued growth and expansion.A 2015... Read Story

September 30, 2015, 07:41 AM

PulsePoint, a global programmatic platform for brand engagement, announced its recent $30 million debt financing from Silicon Valley Bank. The funds will be used for business expansion and future acquisitions of technology companies. This... Read Story

September 29, 2015, 07:23 AM

Capital Garden has recently established an invoice factoring relationship with an award winning production company. This California-based company specializes in online media, broadcast, corporate video production and executes live events for the... Read Story

August 14, 2015, 07:06 AM

Crown Media Holdings announced today the closing of its new $425 million senior secured credit facilities with, among other financial institutions, Wells Fargo Bank, National Association, in its capacity as administrative agent, consisting of (i) a... Read Story

June 26, 2015, 07:21 AM

Sirius XM Holdings Inc. announced that its subsidiary, Sirius XM Radio Inc., has entered into an amendment to its existing senior secured revolving credit facility with a syndicate of banks and other financial institutions to increase total... Read Story

June 17, 2015, 07:53 AM

Townsquare Media, Inc. announced the closing of an offering of $300 million in aggregate principal amount of its 6.500% senior notes due 2023. The company today also announced it has entered into a new $325 million senior secured credit facility... Read Story

April 02, 2015, 06:53 AM

Webster Business Credit Corporation recently provided a $40 million senior secured revolving line of credit to Active Media Service, Inc. d.b.a. Active International, to refinance an existing facility and provide working capital to further... Read Story

September 18, 2014, 05:54 AM

Yashi, an innovative location-focused advertising company, announced it has received a $4 million committed line of credit from PNC Bank. The new credit line will support the company's rapid growth."We are proud to announce that we have successfully... Read Story

September 17, 2014, 07:10 AM

Tribune Media Company has completed its spin-off of Tribune Publishing Company. Tribune Publishing Company has now been separated from Tribune Media Company, and its common stock is expected to begin regular-way trading on the New York Stock Exchange... Read Story

August 05, 2014, 07:14 AM

Sinclair Broadcast Group, Inc. said its wholly-owned subsidiary, Sinclair Television Group, Inc. ("STG"), intends to raise new incremental tranche B term loans and to amend and restate certain terms of its existing bank credit facility. Sinclair... Read Story

July 28, 2014, 07:18 AM

TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided $16 million of secured financing to support the recapitalization of AllOver Media, Inc.  AllOver Media, Inc. is... Read Story

July 17, 2014, 07:46 AM

National CineMedia, LLC  and National CineMedia, Inc., the managing member and owner of 45.8% of NCM LLC, announced today that NCM LLC has amended its senior secured credit facility and that NCM, Inc. has obtained commitments to finance its merger... Read Story

July 07, 2014, 07:22 AM

Gray Television, Inc. announced that it completed a series of transactions (the "Hoak Acquisition") that resulted in Gray acquiring 12 television stations and programming of three additional television stations from Hoak Media, LLC ("Hoak") and... Read Story

June 16, 2014, 07:18 AM

Gray Television, Inc. has commenced a senior secured debt refinancing, expected to consist of a $500 million term loan and a $50 million revolving credit facility.  The proceeds from this new senior secured credit facility will be used primarily to... Read Story

May 29, 2014, 07:06 AM

Mood Media Corporation has successfully raised a new $235 million term loan and a $15 million revolving credit facility to replace the company's existing first lien bank debt and revolving credit facility. The new facilities will bear an interest... Read Story

May 02, 2014, 07:17 AM

Q1Media, Inc., an online advertising technology company, announced that it has secured debt facilities totaling $8 million to expand its operations. Silicon Valley Bank provided $5 million in senior debt and Partners for Growth agreed to provide $3... Read Story

April 02, 2014, 07:10 AM

Wellington Financial LP, a privately-held specialty finance firm, announced an $11 million venture debt financing for Operative Media of New York. Operative helps media companies like WSJ, The Weather Company,, Daily Mail Group, Bauer Media... Read Story

March 06, 2014, 06:56 AM

Extreme Reach, Inc., has completed its acquisition of the TV business of Digital Generation, Inc. for $485 million in cash. The combined company has revenues of $270 million and over 750 employees. The acquisition was financed by a combination of... Read Story

February 11, 2014, 07:09 AM

Monroe Credit Advisors announced that it placed a $16.0 million senior secured credit facility for its client, AllOver Media, Inc., a leading national provider of out-of-home advertising solutions headquartered in Minneapolis, Minnesota.  Proceeds of... Read Story

January 28, 2014, 07:34 AM

Crystal Financial LLC, an independent commercial finance company, announced the closing of a $28 senior term loan for Times Publishing Company.  Headquartered in the Tampa Bay area, the company is one of the leading newspaper publishers in the United... Read Story

January 17, 2014, 07:29 AM

Cumulus Media Inc. announced that it has entered into an Amended and Restated Credit Agreement, consisting of a $2.025 billion term loan maturing in December 2020 and a $200 million revolving credit facility maturing in December 2018. An SEC 8-K... Read Story

December 24, 2013, 07:21 AM

PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $115 million senior secured financing facility for Gatehouse Media, LLC. Based in Fairport, N.Y., the company will use the funds to restructure existing... Read Story

December 18, 2013, 08:06 AM

CIT Group Inc. announced that CIT Corporate Finance served as joint lead arranger in a $370 million senior secured credit facility for independent film studio The Weinstein Co. The financing will be used to refinance an existing facility and provide... Read Story

December 03, 2013, 07:21 AM

Kitara Media Corp. announced it has closed on a new three-year credit facility with Wells Fargo Capital Finance. The transaction provides up to a $10 million revolving line of credit scheduled to mature in November 2016."We are delighted that a major... Read Story

November 08, 2013, 07:58 AM

Main Street Capital Corporation announced it recently led the syndication of a $50.0 million first lien, senior secured credit facility for AM3 Pinnacle Corporation.  Main Street's participation in the facility was $22.5 million.  In conjunction with... Read Story

October 29, 2013, 07:16 AM

Bank of America Business Capital announced it has provided a new $50 million asset-based loan to Yellow Media Limited, owner and operator of some of the leading media and marketing solutions companies in Canada, including Yellow Pages Group. Proceeds... Read Story

September 12, 2013, 07:25 AM

Medient Studios, Inc. has executed a $5 million credit facility with TCA Global Credit Master Fund, LP ('TCA'). The facility will finance development of motion pictures and also Print and Advertising costs for US domestic release of films."Enabling a... Read Story

August 27, 2013, 07:56 AM

Media General entered into a new credit agreement with a syndicate of lenders in connection with its pending merger with Young Broadcasting. The new credit facilities, which are contingent upon the closing, consist of a $60 million, five-year... Read Story

August 06, 2013, 07:48 AM

AOL’s Board has authorized the company to enter into a five-year secured $250 million revolving credit facility with a syndicated bank lending group, led by JP Morgan Chase Bank, N.A. The facility is secured by substantially all the assets of AOL and... Read Story

July 09, 2013, 07:44 AM

Content Media Corp. has renewed its $40 million senior revolving credit facility through a group of banks led by J.P. Morgan, with SunTrust Bank as syndication agent along with Manufacturers Bank. This is the fourth time the credit facility, first... Read Story

June 21, 2013, 07:26 AM

Entravision Communications Corporation entered into a new secured bank credit facility, consisting of a $30 million revolving credit facility and a $20 million term loan, and a $375 million delayed-draw term loan which may be drawn on a date of the... Read Story

June 03, 2013, 08:06 AM

Atlantic Broadband, a subsidiary of Cogeco Cable, announced it has amended its credit agreement dated as of November 30, 2012 pursuant to which the lenders have extended a revolving credit facility to Acquisitions Cogeco Cable II L.P. and Atlantic... Read Story

May 29, 2013, 07:14 AM

Prospect Capital Corporation provided a $60 million senior secured credit facility to support the continued growth of Sandow Media.Founded by visionary media entrepreneur Adam I. Sandow in 2003, Sandow builds brands that engage audiences across... Read Story

May 10, 2013, 07:19 AM

New York-based FilmNation Entertainment announced it has successfully negotiated $50 million in additional capital with an equity-backed, revolving multi-bank credit facility with Bank of America Merrill Lynch and Union Bank. The unique structure of... Read Story

May 08, 2013, 07:48 AM

Salem Communications announced the early settlement of its previously announced cash tender offer for any and all of its $213.5 million aggregate principal amount of 9.625% Senior Secured Second Lien Notes due 2016. In conjunction with the offer... Read Story

March 15, 2013, 07:12 AM