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mmurray@cahill.com

Legal News

Cahill Represents Lead Arrangers and Initial Purchasers in Financings for Townsquare Media

Date: 04/01/15

Cahill represented BofA Merrill Lynch, RBC Capital Markets, SunTrust Robinson Humphrey, Macquarie Capital, and Jefferies as joint book-running managers in connection with the Rule 144A offering of $300,000,000 aggregate principal amount of 6.5% Senior Notes due 2023 by Townsquare Media, Inc., an integrated and diversified media and entertainment and digital marketing services company. Proceeds from the offering will be used refinance existing indebtedness and to pay fees and expenses related to the offering.

Cahill also represented Royal Bank of Canada as administrative agent, and RBC Capital Markets, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust Robinson Humphrey, Macquarie Capital, and Jefferies Finance as lead arrangers in connection with the $275,000,000 Term B loan, and $50,000,000 revolving credit agreement for Townsquare Media, Inc. Proceeds from the loans will also be used refinance existing indebtedness and for general corporate purposes.