Cumulus Media Holdings Offers Note Exchange
March 8, 2012 at 12:09 PM (PT)
CUMULUS MEDIA INC. subsidiary CUMULUS MEDIA HOLDINGS INC. is offering to exchange up to $610,000,000 aggregate principal amount of a new issue of 7.75% Senior Notes due 2019 for its outstanding previously issued 7.75% Senior Notes due 2019.
The earlier notes were placed privately and not required to be registered; the new notes will be issued in a transaction registered under the Securities Act, and the transfer restrictions and registration rights and related special interest provisions applicable to the original notes will not apply to the new notes. Exchanges will be guaranteed by the parent company and its subsidiaries (except certain subsidiaries that hold the licenses for its radio stations) on a senior unsecured basis.
The exchange offer expires at 5p (ET) on APRIL 4th unless extended.