Nassau Broadcasting Closes on the Purchase of 12 Radio Stations in
New Hampshire and Vermont and Completes an $80 million Senior Credit
Facility with Goldman Sachs
Princeton, NJ — Nassau Broadcasting Partners,
L.P. (“Nassau”), a leading radio group in the Northeast, announced today
that it has closed on the purchase of 12 radio stations and executed
agreements to operate three additional stations in New Hampshire and
Vermont with Vox Radio Group. Additionally, Nassau completed an $80
million Senior Credit Facility with Goldman Sachs Credit Partners, L.P.
Nassau has acquired or executed operating agreements for the
following stations of the Vox Radio Group: 102.3 WOTX-FM, 105.5 WJYY-FM
and 93.3 WNHI-FM in the Manchester, NH market; 107.1 WORK-FM, 100.9
WWFY-FM and 1450 WSNO-AM in the Montpelier – Barre, VT market; 106.1
WHDQ-FM, 104.3 WWOD-FM, 96.3 WCFR-FM, 95.3 WSSH-FM, 107.1 WZSH-FM, 101.5
WEXP-FM, 100.7 WVAY-FM 910 WNHV-AM and 1230 WTSV-AM in the
Lebanon-Rutland-White River Market.
“We are thrilled to continue our expansion into Northern New England.
These new stations substantially enhance our New England regional
network, which will enable us to deliver our diverse programming to
listeners locally and provide regional access to three new Arbitron
rated markets for our advertisers. We believe these markets have great
potential for growth and we are excited about becoming an integral part
of the communities our radio stations serve” said Louis F. Mercatanti,
Jr., President and Chief Executive Officer of Nassau. “In addition we
are extremely pleased to close our new $80 million credit facility with
Goldman Sachs Credit Partners. This facility will provide Nassau with
the resources to enhance our local stations’ broadcast capabilities and
provide our management teams with the tools necessary to grow our
Nassau also announced the appointments of two key management
positions for their New Hampshire and Vermont regional clusters: Ira
Rosenblatt, Vice President, New Hampshire Regional Manager and Robert
Frisch, Vice President, Vermont Regional Manager.
Nassau Broadcasting Partners, L.P., a privately held firm, owns
and/or operates 47 radio stations and has under contract or agreement to
purchase an additional three stations.
Pro forma for pending transactions, Nassau is the 27th largest
broadcaster in terms of revenue and 15th largest in terms of number of
stations in the U.S. The Company’s website is www.nassaubroadcasting.com.