Industry News

Cumulus Extends Exchange Offer to April 9

In a filing yesterday (4/3) with the Securities and Exchange Commission, Cumulus Media announces that its subsidiary, Cumulus Media New Holdings Inc, has further extended the expiration time in itsim previously announced Exchange Offer and Consent Solicitation in which Cumulus offered to exchange any and all of its outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”) to be issued by Cumulus. The company has further extended the expiration time from 5:00 pm, New York City time, on April 2, 2024, to 5:00 pm, New York City time, on April 9, 2024.