LBI Media draws on revolver for acquisition financing

By Sara Rosenberg

New York, Sept. 24 - LBI Media Holdings Inc. drew down $19.5 million under its senior secured revolving credit facility to fund the acquisition of selected assets of radio station KWIE FM licensed to San Jacinto, Calif., according to an 8-K filed with the Securities and Exchange Commission Monday.

The draw was made on Sept. 21.

LBI Media is a Burbank, Calif., owner and operator of Spanish-language radio and television stations.

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