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Legal News

Townsquare Radio Completes Notes Offering and Credit Facility

Date: 04/04/12

Cahill represented BofA Merrill Lynch, Macquarie Capital, RBC Capital Markets and SunTrust Robinson Humphrey as joint book-running managers and ING and UBS Investment Bank as co-managers in connection with the Rule 144A/Reg S offering of $265,000,000 9% Senior Notes due 2019 by Townsquare Radio, LLC and Townsquare Radio, Inc. Proceeds from the offering were used to refinance existing indebtedness.

Cahill also represented General Electric Capital Corporation as administrative agent and GE Capital Markets and BofA Merrill Lynch as lead arrangers in connection with the $10,000,000 revolving credit facility for Townsquare Radio, LLC. The proceeds of borrowings under this facility will be used for general corporate purposes.