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Salem Media Group To Redeem $36.5 Million Of Notes
by Perry Michael Simon
February 27, 2023 at 9:50 AM (PT)
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Refinancing
SALEM MEDIA GROUP, INC. is redeeming its outstanding 6.75% Senior Secured Notes due 2024, putting out an irrevocable notice of redemption calling for redemption of the remaining $36.5 million of notes.
The redemption will take place MARCH 27th and will be paid with proceeds from the issuance of an additional $44.685 million of its 7.125% Senior Secured Notes due 2028.
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