Block Communications Closes $200,000,000 Refinancing

New York, NY

Block Communications, Inc. announced the May 2002 closing of it’s $200,000,000 Senior Bank Facility. The proceeds will be used to refinance existing debt, general corporate purposes, including the Company’s continued investments in its cable, publishing and broadcasting divisions. The Facility was led by Banc of America Securities and National City Bank. Waller Capital advised Block Communications, Inc. on the transaction.