Journal Communications nets commitments to upsize revolving facility

By Sara Rosenberg

New York, Sept. 4 - Journal Communications Inc. has received commitments from certain of its lenders to increase its revolving credit facility to $325 million through the accordion feature, according to a news release.

The company plans on drawing on the revolver and using cash on hand to fund the $215 million acquisition of WTVF NewsChannel 5 Network from Landmark Media Enterprises LLC.

Closing is subject to FCC approval.

Journal Communications is a Milwaukee-based diversified media company with operations in radio and television broadcasting, publishing and interactive media.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.