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Stock impact report

WhiteHawk Capital Partners Provides Credit Facility to MediaCo

Mediaco Holding Inc. - Class A (MDIA) 
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with MediaCo Holding, Inc. (“MediaCo”) to provide a $45 million first lien term loan facility (the "Facility") on April 17th, 2024. MediaCo used proceeds of the Facility to finance an acquisition of Estrella Media’s network, content, digital, and commercial operations.MediaCo, which operates marquee urban radio stations HOT 97 and WBLS 107.5 in New York City, will be adding Estrella Media’s Spanish-language video, audio, and digital content operations under the same umbrella. This transaction will also allow MediaCo to reach the established audiences of Estrella Media’s market-leading regional Mexican radio stations, including Que Buena Los Angeles, home of the Don Cheto Al Aire nationally syndicated morning radio show, La Raza in Houston and Dallas, and El Norte in Houston.The combine Show less Read more
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