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Thomas Whayne Joins Banc of America Securities as Head of Media & Telecom M&A

Posted on: Thursday, 15 April 2004, 06:00 CDT

NEW YORK, April 15 /PRNewswire/ -- Banc of America Securities (BAS) today announced that Thomas F. Whayne has joined the firm as a managing director and Head of Media & Telecom M&A. In this role, he will focus on mergers & acquisitions activity and on further deepening client relationships within this sector. Whayne will be based in New York and report to Steve Ketchum, head of the Media & Telecom Group.

"Tom's network of industry contacts and strong track record of innovative deals make him an excellent choice to further strengthen this group's M&A efforts," said Ketchum. "His substantial experience in media & telecom will be a valuable asset as we continue to invest in building our investment banking franchise."

Over the last few years, BAS' footprint in media & telecom has increased significantly. Recently, Banc of America Securities has had lead roles in a number of significant transactions in the Media & Telecom sector, including; acting as M&A advisor and provider of financing to the investor group for the $2.6 billion purchase of Warner Music Group from Time Warner; a $2.5 billion high yield offering for Echostar; a $1.75 billion high yield offering by Qwest Communications together with a $750 million syndicated bank facility and a $923 million debt tender offer, as well as an earlier $3 billion debt tender offer; and lead arranger for a $4 billion syndicated loan facility for Disney.

Prior to joining Banc of America Securities, Whayne spent ten years at Credit Suisse First Boston, where he most recently served as Managing Director in the Media & Telecom Mergers & Acquisition Group. Whayne holds a J.D. from the University of Virginia School of Law and a B.A. in Economics from Harvard University. Whayne has worked on some of the most significant recent deals in the Media & Telecom industries, including; the merger of AT&T Broadband and Comcast; the restructuring of AT&T's 27.64% interest in Time Warner Entertainment; BCE's repurchase of SBC's 20% interest in Bell Canada Holdings; and Yahoo!'s acquisition of Overture Services.

Bank of America is one of the world's leading financial services companies. The company's Global Corporate and Investment Banking group (GCIB) provides investment banking, equity and debt capital raising, research, trading, risk management, treasury management and financial advisory services. Through offices in 31 countries, GCIB serves domestic and international corporations, institutional investors, financial institutions and government entities. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit http://www.bankofamerica.com/ .

Bank of America

CONTACT: Tara Burke of Bank of America, +1-212-847-6488, ortara.a.burke@bankofamerica.com

Web site: http://www.bankofamerica.com/

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