FORT LEE, N.J.-Tri-State Radio Co. said it completed two financing endeavors valued at $130 million. An investor group, led by TA Associates, purchased an original issue discount note and an option to buy a significant minority equity stake in the paging operator.
Tri-State also completed a new senior debt facility led by First National Bank of Chicago. The transactions will help grow the company from a small, private firm into a middle market corporation, said the company.
