Paul Hastings LLP, a leading global law firm, announced today that the firm represented LIN Media, a local multimedia company, in the closing of its acquisition of 13 broadcast network affiliates and related assets from seller New Vision Television for $334.9 million and the assumption of $12 million of debt.
Paul Hastings also represented LIN in connection with its Rule 144A/Reg S offering of $290 million of 6.375% senior notes due 2021 privately placed by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey, Inc., the net proceeds of which were used to partially finance the acquisition by LIN.
Media M&A partner Eric Dodson Greenberg led the Paul Hastings M&A team and Leveraged Finance chair and partner William Schwitter led the Paul Hastings Leveraged Finance team. The teams included Antitrust chair and partner Michael Cohen, Leveraged Finance partner Michael Chernick and associates Scott Oross, Joseph Fastiggi, Matthew Gibson, Michael Wise, Karen Contoudis, Heidi Spalholz and Felicia Yen.
