Allen Media Term Loan Lenders Form Group; Tap Legal Counsel

Some term loan lenders to Byron Allen’s media conglomerate have formed a separate creditor group and hired legal counsel ahead of anticipated debt talks, according to people familiar with the situation.

• The consortium holding about $100 million of Allen Media Group’s term loan debt engaged law firm Glenn Agre Bergman & Fuentes for advice, said the people, who asked not to be identified discussing a private matter
• Messages left with Allen Media and Glenn Agre were not returned
• This is the third creditor group to form, along with secured lenders and unsecured noteholders
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