Simpson Thacher Represents JPMorgan, UBS and Macquarie in the $3 Billion Financing of Citadel Broadcasting’s Acquisition by Cumulus Media
03.11.11
This is only gets display when printing
Simpson Thacher is representing JPMorgan, UBS and Macquarie as joint lead arrangers and joint bookrunners in connection with the approximately $3 billion financing of Citadel Broadcasting Corporation’s acquisition by Cumulus Media Inc. The merger is expected to be completed by the end of 2011.
Citadel Broadcasting Corporation is the third largest radio group in the United States, which owns and operates 225 radio stations in over 50 markets and also operates the Citadel Media business, which is among the largest radio networks in the U.S. Cumulus Media Inc. is the second largest radio broadcaster in the United States based on station count, controlling approximately 347 radio stations in 67 U.S. media markets.
The Simpson Thacher team included Patrick Ryan, Jessica Tuchinsky and Ravi Agarwal (Credit); Art Robinson, Stuart Kagan and Alex Coedo (Capital Markets); Michael Isby (Environmental); Jamin Koslowe and Tyler Andersen (Executive Compensation and Employee Benefits); Lori Lesser and Marcela Robledo (Intellectual Property); Jonathan Goldstein and Andrew Purcell (Tax).