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Emmis Closes Credit Facility
- Client News
- December 28, 2012
Paul, Weiss client Emmis Communications Corporation and its subsidiaries completed a new $100 million senior secured credit facility. The facility includes a $20 million revolving credit facility and an $80 million term loan. The proceeds were used to repay approximately $41.4 million of outstanding indebtedness under Emmis's existing senior credit facility and approximately $43.5 million of its outstanding unsecured notes.
The Paul, Weiss team representing Emmis included corporate partner Eric Goodison and tax partner David Mayo.