Allen Media to launch $210 million add-on term loan on Thursday

By Sara Rosenberg

New York, July 14 – Allen Media LLC is set to hold a lender call at 12:30 p.m. ET on Thursday to launch a fungible $210 million add-on term loan B, according to a market source.

RBC Capital Markets is the lead on the deal.

Proceeds will be used to help fund the acquisition of certain television stations owned by Quincy Media Inc. for $380 million.

Closing is expected on the third quarter.

Allen Media is a Los Angeles-based media, content and technology company.

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