Barker Capital Announces First Seller Note Purchase.Business Editors NEW YORK--(BUSINESS WIRE)--May 9, 2003 The BC Liquidity Fund I ("BC Liquidity Fund"), an affiliate of Barker barker a term for an animal that does not usually bark which makes a violent respiratory effort, often during a convulsion, accompanied by a sound which roughly resembles a dog's bark. Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Barker Capital"), announced the purchase of a $1 million note associated with the sale of KNOU-FM to On Top Communications, formerly held by Alta Communications ("Alta") and other partners of JP Broadcasting, LLC. "This is a defining transaction for our firm and establishes a paradigm for future seller note purchases," said Jacob Barker Jacob Barker (1779-1871) was an American financier and lawyer, born in Swan Island, Me., of Quaker parentage. He went to New York at the age of 16, engaged in trade, and soon amassed a considerable fortune. Beginning in 1811, Fitz-Greene Halleck was employed by him for twenty years. , Managing Partner at Barker Capital. "We are especially pleased that a firm with the skills and success as Alta has embraced the efficiency of seller note monetization Monetization The securitization of the gross revenues of a contract. . I also wanted to thank my partners in the fund, especially our lead investor, Benedek Investment Group, LLC ("Benedek")." A. Richard Benedek, Chairman, stated, "We have a long and rich history in both broadcasting and specialty finance and intuitively recognized the opportunities for the BC Liquidity Fund." Barker Capital is a media specialist investment bank focused on companies and transactions with valuations less than $100 million. The firm leverages the experience of its founder, Jacob J. Barker, who spent 10 years covering media companies as a research analyst at Toronto Dominion Securities, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Securities and Fidelity Management & Research. Since its founding in 2002, Barker Capital has advised on over $100 million of transactions, including a $20 million recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. for On Top Communications (radio). Barker Capital distinguishes itself as a knowledge-based institution by hosting conferences and publishing industry white papers. The first of these efforts, Television 2002: A Conference for Owners and Investors, drew 50 participants from the private equity, broadcasting and money management communities. |
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