Entercom Makes $300 Million Private Note Offering

Note Offering

ENTERCOM COMMUNICATIONS CORP. wholly owned subsidiary ENTERCOM MEDIA CORP. (the former CBS RADIO INC.) is making a private offering of $300 million in aggregate principal amount of senior secured second-lien notes due 2027.  The notes are being guaranteed on a senior secured second-lien basis by each direct and indirect ENTERCOM subsidiary and secured on a second-priority basis by liens on substantially all of the issuer's and guarantors' assets.

ENTERCOM plans to use the net proceeds to partially repay existing indebtedness under its senior secured term loan facility.

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