Allied Capital Provides Debt Capital to Radiovisa.Business Editors WASHINGTON--(BUSINESS WIRE)--Feb. 2, 2004 Allied Capital Corporation (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) today announced that it has provided $25 million in debt capital to Radiovisa, a Spanish-language radio company that produces syndicated and network radio programming. The financing will support Radiovisa's acquisition of KPLS-AM, the fifth largest AM signal in California, covering Los Angeles, Orange, Riverside, and San Bernardino counties. "Radiovisa operates in the largest radio advertising market in the country," said Bill Walton, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Allied Capital. "We are looking forward to working with Radiovisa's experienced management team who comes with a proven track record of success in the radio network industry." About Allied Capital Allied Capital is the nation's largest business development company and provides long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. and equity investment capital to support the expansion of companies in a variety of industries. The company also participates in the real estate capital markets as an investor in non-investment grade commercial mortgage-backed securities and collateralized debt obligation Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, bonds and preferred shares. The company is headquartered in Washington, DC. For more information, please visit the web site at www.alliedcapital.com, call Allied Capital Investor Relations toll-free at (888) 818-5298, or e-mail us at ir@alliedcapital.com. About Radiovisa Formed in June 2002, Radiovisa is a Spanish-language radio company that currently produces and syndicates 24-hour programming, targeting Hispanics of Mexican origin. The company combines long-form and short-form talk ("hot talk"), news, and entertainment programming for its targeted listeners. Programming includes Gerardo Por La Manana ma·ña·na adv. 1. Tomorrow. 2. At an unspecified future time. n. An indefinite time in the future. [Spanish, from Vulgar Latin , Deportes Y Mas, En Privado, and Notisistema's hourly news and sports updates. Radiovisa's programming is aired in Washington D.C., Las Vegas, Atlanta, Indianapolis, and Kansas City, among others. The company is led by the founder and former Chairman of Premiere Radio Networks Premiere Radio Networks is a radio syndication and preparation company based in the United States. It is currently the largest syndication company in the United States based on popularity of programming. and a team of Hispanic radio and media veterans. Forward-Looking Statements The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule. in Allied Capital's periodic filings with the Securities and Exchange Commission. |
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