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Crown Media Holdings Announces Closing of New Credit Facility

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STUDIO CITY, Calif.--(BUSINESS WIRE)--Crown Media Holdings, Inc. (NASDAQ:CRWN) announced today the closing of its new $425 million senior secured credit facilities with, among other financial institutions, Wells Fargo Bank, National Association, in its capacity as administrative agent, consisting of (i) a five year $325 million term loan facility and (ii) a five year $100 million revolving credit facility. Crown will use approximately $80 million of the proceeds of the $325 million term loan fa

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