NEWS

ABRY Mezzanine Partners Provides Mezzanine Financing for Finest City Broadcasting Transaction

Boston (December, 2005) - ABRY Mezzanine Partners provided mezzanine financing for a transaction in which Evergreen Pacific Partners acquired three full market 100KW class C FM radio stations serving San Diego, California. ABRY Mezzanine Partners invested $19.25 million in senior subordinated notes and warrants for common stock. Finest City Broadcasting was formed by Evergreen Pacific Partners and President CEO Mike Glickenhaus to secure programming, sales and marketing rights for the three San Diego heritage radio stations: alternative rock XETRA (91X), rhythmic oldies XHRM (Magic 92.5) and rhythmic contemporary hit radio XHITZ (Z90).