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TransactionsOctober 2012 WP Outdoor provided a $200,000 commitment to a Washington billboard company to refinance debt, retire payables and provide funds to construct signs. September 2012 WP Outdoor provided a $100,000 increase in a loan to a New York outdoor advertsising company to finance construction of new signs. September 2012 WP Outdoor provided a $200,000 commitment to a New Jersey outdoor advertising company to bring key vendors current. July 2012 WP Media Lending purchased a $677,000 seller note and a translator secured by the assets of a Hawaii broadcaster. The purchase provided the seller liquidity to pursue radio investments on the mainland. In connection with the purchase the seller note was renewed and extended to give the broadcaster financial security. The translator will enable the borrower to reach an unserved area. January 2012 Circle City Outdoor, LLC, an affiliate of WP Outdoor acquired seven billboard structures and 16 faces in Indianapolis from Maxxed Media, Inc. "The outdoor industry is extremely attractive to us with low technology risk, few regulatory barriers to entry and predictable operating costs," said partner Dave Westburg. "We have two outstanding managers in Gary Barbosa and Joe Stephenson and are committed to expanding our plant around Indianapolis." August 2011 WP Outdoor provided a $350,000 term loan and a $100,000 revolving line of credit to a New Jersey based outdoor media company. The term loan funds went for the purchase of existing outdoor advertising assets in both New York and New Jersey, which blends well with their existing structure. August 2011 Westburg Broadcasting Alabama closed on the purchase of a small market radio group consisting of two FM and one AM for $850,000. The assets were purchased from a borrower in satisfaction of their debt. The stations serve the Demopolis, Alabama market, and the new ownership will be focused on improving the quality of the radio signals and strengthening operations as they serve this thriving Alabama community. August 2011 WP Pennsylvania closed the sale of the radio station assets of WWII-AM in Shiremanstown, PA to Holy Family Radio, LLC for $500,000. WP Pennsylvania, LLC acquired the assets of WWII-AM from Hensley Broadcasting, Inc in November 2010 via a UCC Article 9 sale. "I am delighted to announce the sale," said WP Pennsylvania partner Dave Westburg, "because it allows us to recover our investment in full over the next five years." WP Media Lending, LLC provided $400,000 in financing to Holy Family Radio, LLC to enable the non-profit company to purchase the radio station assets of WWII-AM in Shiremanstown, PA. Holy Family Radio will broadcast Eternal Word Network as the only Catholic radio station in the Harrisburg/Lancaster/York markets. June 2011 Westburg Broadcasting Montgomery, LLC acquired the assets of radio station WACQ-AM in Tallassee, AL from Hughey Communications in satisfaction of debt. June 2011 WP Outdoor provided $500,000 in financing to a midwest outdoor advertising company to construct additional signs. April 2011 WP Media Lending provided an $80,000 term loan to a New Orleans broadcaster to purchse an FM translator. The purchase gives the broadcaster a quality FM signal to supplement an AM signal in New Orleans. November 2010 WP Media Lending purchased the assets of Hensley Broadcasting, a Shiremanstown, PA religious broadcaster, in satisfaction of debt. The purchase gives the company a strong capitalization and opens the way to additional growth. May 2010 WP Media Lending provided a $50,000 lease to a Pennsylvania broadcaster to finance a tower move. May 2010 WP Outdoor provided a $100,000 commitment to a Florida outdoor advertising company to enable the company to purchase permanent sign easements at attractive prices from cash-strapped landowners. April 2010 WP Outdoor provided a $650,000 loan commitment to a midwest outdoor company. The commitment retired a private bridge loan and provided funds to construct additional signs. The commitment resulted in a decrease in the Borrower's financing costs. March 2010 WP Media Lending provided a $25,000 working capital line of credit to a Southeast broadcaster. February 2010 Westburg Media Capital, L.P. provided a $150,000 DIP loan to a New York publisher to allow the publisher to restructure in bankruptcy. December 2009 WP Outdoor closed a $350,000 loan commitment for a Washington outdoor advertising company. The facility will enable the company to construct signs. The borrower had been having a difficult time getting other lenders to even answer phone calls due to credit market tightness. September 2009 WP Media Lending provided a $1 million commitment to an outdoor advertising company to construct billboards in New Jersey. August 2009 WP Media Lending provided a $1 million commitment to an outdoor advertising company in Washington State to construct billboards. May 2009 WP Media Lending funded a $2,075,000 loan to a New York outdoor advertising company. The loan retired a high-cost acquisition bridge loan. April 2009 WP Media Lending provided $500,000 to a Northern California cable television company to assist them in upgrading their broadband service. March 2009 WP Media Lending provided $75,000 in working capital financing for a Nevada radio station group. March 2009 WP Media Lending provided $2.4 million in financing to American Samoa Entertainment, a subsidiary of Blue Sky Wireless, to purchase a cable system serving 2,400 subscribers in American Samoa. January 2009 WP Media Lending provided $50,000 to a Washington cable TV company to finance the purchase of some small rural cable TV systems. October 2008 WP Media Lending provided $1.5 million in financing to enable an employee of a large company to purchase a radio station group from the station's owner. September 2008 WP Media Lending provided $50,000 to a Pennsylvania broadcaster for the purchase of an AM radio station. August 2008 WP Media Lending provided $25,000 in working capital financing to a New Mexico broadcaster. July 2008 WP Media Lending provided $75,000 to a Florida outdoor company for hurricane-proofing of the plant. June 2008 WP Media Lending provided $1.8 million in financing to a Maryland broadcaster to refinance debt and finance expansion. May 2008 WP Media Lending provided $250,000 to a Nevada broadcaster to finance improvements and renovations to the station's studio and the purchase of equity from an employee. April 2008 WP Media Lending provided $200,000 to a Georgia broadcaster to finance the purchase of a rural FM radio station. March 2008 WP Media Lending provided $200,000 to a mountain states broadcaster to purchase a radio station in Wyoming. February 2008 WP Media Lending provided $270,000 to a Maryland broadcaster to refinance debt and provide funds for expansion of an AM radio station. January 2008 WP Media Lending provided $50,000 to a Pennsylvania broadcaster to develop a new AM radio tower to replace a tower which is scheduled for redevelopment. December 2007 WP Media Lending provided a $700,000 loan to a Georgia broadcaster to finance the purchase of an FM radio station. November 2007 WP Media Lending provided a $50,000 loan to a Nevada broadcaster to finance a power upgrade at a Nevada radio station. October 2007 WP Media Lending provided a $125,000 loan to a Florida outdoor advertising company. The funds financed the construction of two eight-faced monopole signs. September 2007 WP Media Lending provided $2 million in debt financing for the acquisition of a cable TV company in American Samoa. WP Media Lending also arranged equity financing for the transaction. September 2007 WP Media Lending provided $125,000 in financing to enable an Oregon newspaper publisher to bring payables current. WP Media Lending also assisted the publisher in improving the quality and timeliness of financial statements. September 2007 WP Media Lending provided $1.0 million in financing for the purchase of three radio stations on the Big Island of Hawaii. August 2007 WP Media Lending provided a $750,000 senior term loan to help finance the purchase of an Arizona AM radio station. June 2007 WP Media Lending funded a $675,000 senior term loan to finance the purchase of a religious AM radio station in Pennsylvania and assisted the radio station owner in gaining entry to the NAB Business Leadership Training Program. June 2007 WP Media Lending provided an additional $75,000 in senior term financing to an Utah alternative newspaper to allow it to pay income taxes. March 2007 WP Media Lending provided a $750,000 term loan to a Southeast broadcaster to finance the construction of a Hispanic TV station in New Orleans. February 2007 WP Media Lending provided an $850,000 loan to a Washington weekly newspaper publisher for the purchase and installation of software to automate the layout and production of the paper. February 2007 WP Media Lending extended an $85,000 loan to a Virginia radio station, providing the station with the working capital necessary for expansion. January 2007 WP Media Lending renewed and extended a $635,000 loan to a Utah alternative newspaper publisher, enabling the publisher to reduce debt service by 25% and free funds for expansion. December 2006 WP Media Lending made a $400,000 loan to a Hispanic radio station in Colorado. The loan enabled the borrower to refinance debt and purchase an additional Colorado radio station. December 2006 WP Media Lending extended a $100,000 loan to a Washington broadcaster. The loan enabled the broadcaster to pay overdue Social Security and Medicare taxes and to subsequently reach a settlement with the Internal Revenue Service. December 2006 WP Media Lending made a $375,000 loan to a Nevada broadcaster to purchase an additional small market radio station. The acquisition enabled the operator to diversify into a new market. October 2006 WP Media Lending extended a $650,000 loan to a Georgia newsletter publisher to finance the purchase of "Spots 'n Dots," a television industry sales newsletter. July 2006 WP Media Lending made an additional $15,000 loan to a Nevada radio station owner, enabling the broadcaster to purchase a new transmitter to boost signal quality and market coverage. June 2006 WP Media Lending extended a $225,000 loan to an Alabama radio station owner. The loan enabled the owner to reclaim the station from a previous purchaser who had defaulted on an LMA Agreement. March 2006 WP Media Lending extended a $120,000 loan to finance the purchase of a Nevada radio station. The loan enabled the broadcaster to begin assembling a rural Nevada station cluster. March 2006 WP Media Lending closed an $875,000 term loan to a Florida outdoor advertising company, enabling the company's owners to buy out the outside shareholders. January 2006 WP Media Lending extended a $1.2 million loan to a Washington DC broadcaster, enabling the broadcaster to reduce financing costs and loan payments by one third. November 2005 WP Media Lending closed a $592,000 loan to a Nevada radio station owner, enabling the broadcaster to emerge from bankruptcy. August 2005 WP Media Lending closed a $650,000 loan to a Washington community newspaper publisher, enabling the publisher to consolidate several seller notes into one payment and to reduce monthly debt service payments. The loan also enabled the borrower to improve liquidity by retiring high cost credit card debt. August 2005 WP Media Lending closed a $770,000 loan to a Colorado radio station/tower operator. The loan enabled the operator to consolidate several seller notes and bank lines into one payment. The loan simplified the borrower's payments and allowed the borrower to lengthen the amortization on his obligation.
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