Entercom Announces Launch Of $250 Million Senior Note Private Offering

Senior Note Offering

ENTERCOM COMMUNICATIONS CORP. announced TODAY (11/14) that its wholly owned finance subsidiary ENTERCOM RADIO, LLC plans to offer in a private offering, subject to market conditions and other factors, $250 million aggregate principal amount of senior notes due 2019.

ENTERCOM RADIO intends to use the net proceeds from the offering, together with initial borrowings under the New Credit Facility and cash and cash equivalents, to repay its existing senior secured credit facilities, to pay fees and expenses in connection with the offering and the New Credit Facility and for general corporate purposes.

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