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Prospect News home > News index > List of issuers Paydowns > Headlines for Altisource Solutions Sarl > News item
Published on 2/19/2015 in the Prospect News Bank Loan Daily.

New Media Investment to fund acquisition with facility borrowings

By Tali Rackner

Norfolk, Va., Feb. 19 – New Media Investment Group, Inc. plans to use available capacity under its credit facility and cash to fund its acquisition of Stephens Media, LLC, according to a press release.

The purchase price for Stephens Media is $102.5 million.

New Media is a New York-based publisher of locally based print and online media.


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