Debevoise & Plimpton LLP has advised Brigade Capital Management, LP in providing $95 million in debtor-in-possession financing to Alpha Media, LLC in its chapter 11 case pending in the United States Bankruptcy Court for the Eastern District of Virginia. Under Alpha Media’s proposed plan of reorganization, the DIP facility will convert into a $100 million exit financing facility upon Alpha Media’s emergence from bankruptcy.

Alpha Media is a radio broadcasting company based in Portland, Oregon, which operates more than 200 radio stations and 200+ websites serving 44 markets across the United States.

The Debevoise team is led by restructuring partner Sidney Levinson and includes associates Daniel Pyon and Shlomo Fischer; finance partner Sunil Savkar, counsel Zahra Sowder and associate Matthew Sacco; M&A partner Kevin Schmidt, counsel David Iozzi and associate Caitlin Dortch; tax partner Peter Furci and counsel Samuel Duncan; and FCC of counsel (retired partner) Jeffrey Cunard.