Noteworthy Work
K&L Gates Advises Salem Media Group on Senior Secured Notes Offering and Concurrent Asset-Based Revolver
8 June 2017
Orange County, CA – A multi-practice team of lawyers from global law firm K&L Gates LLP has advised Salem Media Group, Inc. (NASDAQ: SALM), a U.S. multimedia company specializing in Christian and conservative content with media properties comprising radio broadcasting, digital media, and publishing, on the offering of $255 million in senior secured notes due 2024 pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, and the concurrent entry into a new $30 million senior secured asset-based revolving credit facility.
Corporate partner David C. Lee (Orange County and Los Angeles) led the K&L Gates team that advised Salem Media on the notes offering, with support from finance partners Donald Bingham (Chicago), Anthony Nolan (New York), and Lorraine Massaro (New York); corporate associates Nicholas Look and Matthew Susson (Orange County); and finance associate Justin Carpenter (Charlotte). Finance partner Benay Lizarazu (Charlotte) led the K&L Gates team that advised Salem Media on the senior secured asset-based revolving credit facility, with support from finance associate Tricia Argentine (Charlotte) and corporate associate Hillary Dawe (Charlotte).
Corporate partner David C. Lee (Orange County and Los Angeles) led the K&L Gates team that advised Salem Media on the notes offering, with support from finance partners Donald Bingham (Chicago), Anthony Nolan (New York), and Lorraine Massaro (New York); corporate associates Nicholas Look and Matthew Susson (Orange County); and finance associate Justin Carpenter (Charlotte). Finance partner Benay Lizarazu (Charlotte) led the K&L Gates team that advised Salem Media on the senior secured asset-based revolving credit facility, with support from finance associate Tricia Argentine (Charlotte) and corporate associate Hillary Dawe (Charlotte).
K&L Gates comprises approximately 2,000 lawyers globally who practice in fully integrated offices located on five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
