Infinity Broadcasting Corp. said its bank group, led by Chase Manhattan Corp., provided $150 million of new loans to finance the purchase of radio stations.

The financing expands a $320 million credit agreement from 1992, which included a $115 million acquisition loan.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.