trending Market Intelligence /marketintelligence/en/news-insights/trending/mYNM6UZS77DMr8fNqPkfTw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Spanish Broadcasting unveils recapitalization plans

Measuring The Wireline Digital Divide In The US

2019 Latin America Multichannel, Broadband And Mobile Market Overview

New Kagan Report: State of Mexican TV Broadcast Sector

Asia-Pacific Tower, Small Cell, DAS Projections Through 2029

Spanish Broadcasting unveils recapitalization plans

In connection with its planned recapitalization, Spanish Broadcasting System Inc. received a letter from a financial services broadcast lender stating that it is "highly confident of its ability" to arrange $300 million in secured debt financing.

The debt financing will carve out noncore real estate and broadcast station assets, allowing the company to "obtain a separate and incremental first lien asset-based financing facility," the company disclosed in an SEC filing.

Spanish Broadcasting System intends to use the proceeds from the $300 million of debt financing, plus the proceeds of the additional and incremental asset-based funding, to repay its existing $249.9 million of 12.5% senior secured notes as well as to make cash purchases of its existing series B preferred stock.