Holland & Knight Team Delivers More Credit to ION Networks
The legal team added $150 million in loan proceeds, which pushes the West Palm Beach-based media company's credit facility to $865 million.
February 24, 2015 at 06:00 AM
3 minute read
Dealmakers: David Perry and Paul Lawler
The Deal: A Holland & Knight team led by Perry represented West Palm Beach-based ION Media Networks Inc. in a leveraged dividend recapitalization that enabled the company to pay a $240 million special dividend to its common stockholders.
Details: Privately held ION, the successor to Paxson Communications Corp., owns and operates 60 television stations that reach 100 million U.S. households.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2NYC Mayor Eric Adams Indicted on Public Corruption Allegations
- 3'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
- 4Conduct Board Urges 'Swift and Severe Punishment' for Phila. Judge's Facebook Posts
- 5What We Know About the Kentucky Judge Killed in His Chambers
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250