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Leading financial services company provides loan facility to local media company in connection with out-of-court restructuring

January 2011

Client(s) Leading financial services company

Jones Day represented a leading financial services company as administrative agent for a syndicate of lenders owed approximately $75 million under term loan and revolving loan facilities in connection with the out-of-court workout of a leading local media company providing lead generation, advertising, and internet marketing services to the housing industry. The transaction resulted in a three year extension of the maturity date on the term loan and revolver and the tender of approximately $175 million in Senior Notes in exchange for $45 million in new Notes and 100% of the new Common Stock.

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