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Cumulus Completes $47 Million Note Purchase
November 3, 2020 at 10:35 AM (PT)
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Note Purchase
CUMULUS MEDIA INC. has completed its purchase and cancellation of $47,164,000 of its 6.750% Senior Secured First-Lien Notes due 2026 at 100% plus interest. $452,836,000 of the Notes remain outstanding.
The offer was oversubscribed, with $488,370,000 of the notes tendered; CUMULUS bought a pro-rated 9.7% of each holder's notes.
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