Tag: Cumulus Media New Holdings Inc

Industry News

Cumulus Extends Exchange Offer Again

By TALKERS | by TALKERS

Cumulus Media’s subsidiary, Cumulus Media New Holdings Inc., has further extended the Expirationim Time in its previously announced Exchange Offer and Consent Solicitation, in which it is offering to exchange any and all of its outstanding 6.750% Senior Secured First-Lien Notes due 2026 for new 8.750% Senior Secured First-Lien Notes due 2029, to April 16, 2024 at 5:00 pm New York City time. As of Friday (4/12), approximately $15 million aggregate principal amount of the Old Notes had been validly tendered pursuant to the Exchange Offer and Consent Solicitation and not withdrawn.

Industry News

Cumulus Announces Further Extension of Exchange Offer

By TALKERS | by TALKERS

Cumulus Media’s subsidiary Cumulus Media New Holdings Inc further extends the expiration time in its previously announced Exchange Offer and Consent Solicitation in which it offers 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”). The new expiration time is 5:00 pm New York City time on April 12, 2024. As of April 9, approximately $15 million aggregate principal amount of the Old Notes had been validly tendered pursuant to the Exchange Offer and Consent Solicitation and not withdrawn.