Main Practice Contacts

Kenneth A. Rogers
+1 214.651.5951

Sue P. Murphy
+1 214.651.5602

Media and Telecommunications Finance

Haynes and Boone has extensive experience in handling finance transactions across a wide spectrum of the media and telecommunications industries, including:

  • Domestic and international long distance telecommunications providers
  • Competitive local exchanges carriers (CLECs)
  • Incumbent local exchanges carriers (ILECs)
  • Cable television companies
  • Cellular telephone companies
  • Rural telephone providers  
  • Paging companies
  • PCS providers
  • Internet providers and web hosting companies
  • Radio and television broadcast industries
  • Newspaper publishing industries
  • Broadcast tower companies

We have represented lead arrangers, administrative agents, lead lenders, collateral agents, and borrowers in handling a broad range of financing structures involving investment-grade and non-investment grade media and telecommunications companies, which financing structures include:

  • Merger and acquisition financings
  • Bridge financings
  • Subordinated debt and mezzanine financings
  • Financings in connection with initial public offerings 
  • Commercial paper back-up facilities
  • Vendor financings
  • Working capital lines of credit
  • Multi-currency and cross border financings
  • Workouts and restructures

Having represented lenders and borrowers in more than $50 billion of financings involving media and telecommunications companies, we are uniquely qualified to assist our clients in structuring financings to address the regulatory and operational issues encountered by such companies.

Our finance and bankruptcy teams work closely with our clients dealing with bankruptcies, restructures, workouts, and business reorganizations in the media and telecommunications arena. Based upon our extensive experience, we are able to evaluate a situation from various perspectives, enabling us to structure impaired or insolvency-related transactions for optimum recovery.

Key transactions have included:

  • $12 billion syndicated, multi-facility acquisition financing to an international long distance and internet provider
  • $2.48 billion multi-facility financing to a cable television company
  • $1.75 billion secured acquisition facility to finance the acquisition of a regional cellular company
  • Vendor financing of a $1.45 billion wireless telecommunications project in Brazil
  • $1.1 billion syndicated credit facility to a national media company specializing in newspaper and internet publishing
  • $100 million second lien secured facility to a print/broadcast media company

For a more comprehensive list of our experience, click "Representative Experience" on the left.