Article: McCaw bank financing heavily oversubscribed as commitments of $3 billion are secured; total of $4.2 billion available for LIN purchase. (McCaw Cellular Communications Inc., LIN Broadcasting Corp.)

MC CAW BANK FINANCING HEAVILY OVERSUBSCRIBED AS COMMITMENTS OF $3 BILLION ARE SECURED; TOTAL OF $4.2 BILLION AVAILABLE FOR LIN PURCHASE

KIRKLAND, Wash., Nov. 14 /PRNewswire/ -- McCaw Cellular Communications, Inc. (NASDAQ: MCAWA) today announced that it received commitments for the full amount of its $3 billion bank facility to finance its offer for LIN Broadcasting Corporation. McCaw said the facility was oversubscribed by more than $4 billion.

McCaw said the syndicate, which is arranged by Morgan Guaranty Trust Co., The Toronto-Dominion Bank, Provident National Bank (an affiliate of PNC Financial Corporation), and Kansallis-Osake-Pankki of Finland, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!