WhiteHawk Capital Partners, a private credit investment manager focused on asset-based financing solutions, entered into an agreement with MediaCo to provide a $45 million first lien term loan facility on April 17, 2024. MediaCo used proceeds of the facility to finance an acquisition of Estrella Media’s network, content, digital and commercial operations.
MediaCo, which operates marquee urban radio stations HOT 97 and WBLS 107.5 in New York City, will be adding Estrella Media’s Spanish-language video, audio and digital content operations under the same umbrella. This transaction will also allow MediaCo to reach the established audiences of Estrella Media’s market-leading regional Mexican radio stations, including Que Buena Los Angeles, home of the Don Cheto Al Aire nationally syndicated morning radio show, La Raza in Houston and Dallas and El Norte in Houston.
“We are thrilled to work with the WhiteHawk team again, and their creativity and flexibility make them the perfect partner for our growth,” Deb McDermott, chairwoman of MediaCo’s board of directors, said. “Their support will empower us to expand our business further.”
“We are excited to continue our partnership with MediaCo,” Brad Huge, managing director of WhiteHawk, said. “The combination of their respected media brands and talented team position them well for continued growth.”
