News

Paul Hastings Advises LIN Media in Acquisition of Network Affiliates from New Vision Television for $334.9 Million

New York, NY -  Paul Hastings LLP, a leading global law firm, announced today that the firm represented LIN Media, a local multimedia company, in the closing of its acquisition of 13 broadcast network affiliates and related assets from seller New Vision Television for $334.9 million and the assumption of $12 million of debt.

Paul Hastings also represented LIN in connection with its Rule 144A/Reg S offering of $290 million of 6.375% senior notes due 2021 privately placed by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey, Inc., the net proceeds of which were used to partially finance the acquisition by LIN.

Media M&A partner

led the Paul Hastings M&A team and Leveraged Finance chair and partner

William Schwitter

 led the Paul Hastings Leveraged Finance team. The teams included Antitrust chair and partner

Michael Cohen

, Leveraged Finance partner

Michael Chernick

and associates

Scott Oross

,

Joseph Fastiggi

,

Matthew Gibson

,

Michael Wise

,

Karen Contoudis

,

Heidi Spalholz

and

Felicia Yen

.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.