Cumulus Media Extends Private Exchange Offer
December 27, 2016 at 7:14 AM (PT)
CUMULUS MEDIA INC. has extended the early tender date of the previously announced private exchange offer for any and all 7.75% Senior Notes due 2019 issued by CUMULUS MEDIA HOLDINGS INC., a direct wholly-owned subsidiary of the Company, and guaranteed by the Company.
The Early Tender Date has been extended to 11:59p, ET, on JANUARY 10th from 5p, ET, on DECEMBER 23th, 2016. Eligible Holders tendering their Outstanding Notes prior to the Early Tender Date, as extended, that are accepted for exchange, will receive the “Total Exchange Consideration” described in the offering memorandum prepared in connection with the Exchange Offer, dated DECEMBER 12th, 2016 (the “Offering Memorandum”). All other applicable terms and conditions of the Exchange Offer remain unchanged.
The Exchange Offer is still scheduled to expire at 11:59p ET on JANUARY 10th, 2017. Eligible Holders that have already validly tendered and not validly withdrawn their Outstanding Notes do not need to re-tender their Outstanding Notes. Eligible Holders that have previously tendered their Outstanding Notes can no longer validly withdraw those Outstanding Notes from the Exchange Offer, except to the extent required by law, as withdrawal rights expired at 5p, ET, on DECEMBER 23th, 2016.