Advertisement

McCaw Wins Financing Commitments: McCaw Cellular Communications...

Share

McCaw Wins Financing Commitments: McCaw Cellular Communications Inc. said it has received commitments from three banks to provide $1.2 billion in financing for its $2.75-billion offer for a majority interest in New York-based LIN Broadcasting Corp. McCaw said Morgan Guaranty Trust, Provident National Bank and the Toronto-Dominion Bank, which are jointly serving as agent banks on McCaw’s behalf, have committed $1.2 billion for the LIN deal, subject to customary conditions.

Advertisement