Salem Announces Tender Offer Expiration
December 15, 2009 at 11:51 AM (PT)
SALEM COMMUNICATIONS CORPORATION has announced that its previously announced cash tender offer and consent solicitation for its outstanding 7 3/4% Senior Subordinated Notes due 2010 (the "Notes") of subsidiary SALEM COMMUNICATIONS HOLDING CORPORATION has expired. The deadline for the offer was 11:59p ET last night (12/14).
As previously announced, SALEM purchased $89.655 million (100%) aggregate principal amount of the Notes that had been validly tendered and not withdrawn prior to the consent payment deadline of NOVEMBER 30th at 5p.