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Salem Completes Note Sale, Settlement Of Tender Offer
December 1, 2009 at 12:15 PM (PT)
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SALEM COMMUNICATIONS has consummated the sale of $300 million aggregate principal amount of Senior Secured Second Lien Notes due 2016 and the early settlement of its cash tender offer and consent solicitation for SALEM COMMUNICATIONS HOLDING CORP. outstanding 7 3/4% Senior Subordinated Notes due 2010.