Entercom To Exchange Senior Notes
December 27, 2011 at 7:01 AM (PT)
ENTERCOM RADIO, LLC has begun an exchange offer for its outstanding unregistered 10½% Senior Notes due 2019, Series A. These notes were originally issued on NOVEMBER 23rd, 2011, in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended, in an aggregate principal amount of $220 million.
Holders of these notes may exchange them for an equal principal amount of a new issue of 10½% Senior Notes due 2019, Series B, pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission. Terms of the new notes are substantially identical to those of the original notes, except that the transfer restrictions and registration rights relating to the original notes do not apply to the new notes.
The exchange offer will expire one minute at midnight ET, on JANUARY 25th, 2012, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.