Saga Communications Closes On New $100 Million Credit Agreement
August 18, 2015 at 3:07 PM (PT)
SAGA COMMUNICATIONS, INC. has closed on its new $100 million credit agreement. Under the credit line, SAGA will have access to a five-year revolving facility initially funded to the amount of $35.3 million.
JPMORGAN CHASE BANK, N.A. served as Administrative Agent, with J.P. MORGAN SECURITIES LLC as Sole Lead Arranger and Bookrunner, HUNTINGTON NATIONAL BANK as Syndication Agent, and CITIZENS BANK, NA as Documentation Agent.