International law firm Milbank, Tweed, Hadley & McCloy LLP represented Guggenheim Securities Credit Partners, LLC, as administrative agent, and Guggenheim Securities, LLC, as sole lead arranger and sole bookrunner, in a $350 million senior secured term loan credit facility for Radio One, Inc. (NASDAQ: ROIA).
Radio One, Inc. is a multi-media company with its core business in radio broadcasting. Radio One, Inc. owns and operates 55 broadcast stations throughout the United States.
The proceeds of the initial borrowings under the secured term loan credit facility will be used to refinance Radio One, Inc.’s existing indebtedness.
The Milbank Global Leveraged Finance team was led by partner Marcus Dougherty and included associates Charles Stern, Christopher Kwan and Alex Becker.
Also providing advice on various points in the transaction were Tax partner Eschi Rahimi-Laridjani and associate David Hanno and Transportation and Space associate Lafayette Greenfield.
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