Salem Media Group, Inc.’s $255 million Notes issue due 2024


K&L Gates LLP has advised Salem Media Group, Inc. 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.

Salem Media Group, Inc. (NASDAQ: SALM) is a U.S. multimedia company specializing in Christian and conservative content with media properties comprising radio broadcasting, digital media, and publishing.

Corporate partner David C. Lee (Orange County and Los Angeles, in picture) 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).

Involved fees earner: David Lee – K&L Gates; Nicholas Look – K&L Gates; Matthew Susson – K&L Gates; Donald Bingham – K&L Gates; Anthony Nolan – K&L Gates; Lorraine Massaro – K&L Gates; Justin Carpenter – K&L Gates;

Law Firms: K&L Gates;

Clients: Salem Media Group, Inc.;

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Author: Ambrogio Visconti