NEW YORK -- Infinity Broadcasting Corp. said it has gotten an additional $50 million as part of an amended bank credit and also bought back about $87 million face amount of its 14.25% senior subordinated discount debentures, using some of the funds from the new bank pact.
Infinity said its existing shareholders contributed about $30 million in equity to the company as a requirement of the bank pact, in which Chase Manhattan Bank was agent.