Mapleton Communications in Monterey, CA announced on Thursday that the company has successfully completed its refinancing with loan partners Webster Bank in Waterbury, CT and Balance Point Capital Partners in Westport, CT. Mapleton CEO James Shea said, "We are so pleased to be partnering with two very experienced lenders that are active in the radio industry and share the same positive view of Radio's future." Mapleton owns and operates 42 stations in eight small and medium markets in California, Oregon, Washington and Louisiana. Corporate Partners, a private equity firm based in New York City, remains the majority shareholder of Mapleton Communications.
