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ALM Media, Inc. Announces Completion Of Financing Transactions And Addition Of $12 Million Tack-on


NEW YORK -- ALM Media Inc., a leading media company serving legal and business professionals, and its parent company, ALM Media Holdings, Inc. today announced the successful completion of a series of financing transactions including the addition of a $12.0 million tack-on to its existing first and second lien facilities, and the simultaneous issuance of $63 million of HoldCo PIK notes by ALM Media Group Holdings, Inc., a new entity. Proceeds of the new notes will be used to provide a dividend to ALM’s common shareholders. ALM is owned by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP

“We’re delighted that ALM’s continued strong performance has given the company the flexibility to provide this return to our shareholders,” said William Pollak, president and CEO of ALM. “GE Commercial Finance’s superior performance as administrative agent for ALM’s credit facilities was key to the successful completion of these transactions and we expect that they will continue to be an invaluable financial partner for ALM.”

“GE is pleased to support ALM’s continued growth and their ability to deliver shareholder benefits,” said J. Gardner Horan, senior vice president, GE Commercial Finance - Global Media & Communications.

Headquartered in New York City, ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 34 national and regional magazines and newspapers, including The American Lawyer®, Corporate Counsel®, The National Law Journal® and Real Estate Forum®. The company is one of North America’s largest producers of conferences and trade shows for business leaders and the legal profession. ALM’s® is the Web’s leading legal news and information network, while ALM’s® is the Web’s leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional educational seminars, market research and content distribution. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM’s businesses and services is available on the Web at

Forward-Looking Statements

Statements in this press release which are not historical facts, including statements about the Company’s plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made, and, except for the Company’s ongoing obligations under U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Such forward-looking statements include, without limitation, the Company’s expectations and estimates about future events and the Company’s estimates regarding the redemption of the outstanding Notes. Actual results may differ materially from such forward-looking statements for a number of reasons, as well as reasons including difficulties, delays and unexpected costs. Factors other than those listed above could also cause the Company’s results to differ materially from expected results.


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