Learfield sets Wednesday bank meeting for $300 million credit facility

By Paul A. Harris

Portland, Ore., Sept. 20 - Learfield Communications, Inc. plans to participate in a Wednesday bank meeting to discuss a proposed $300 million credit facility with lenders.

The deal is comprised of a $215 million seven-year first-lien term loan and an $85 million eight-year second-lien term loan.

Deutsche Bank Securities Inc. is the left lead. GE Capital Markets is the joint lead.

Proceeds will be used to fund the leveraged buyout of the company by Providence Equity.

The borrower is a college sports multimedia rights marketing company.

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