Cumulus Announces Further Extension of Exchange Offer
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amount of the Old Notes had been validly tendered pursuant to the Exchange Offer and Consent Solicitation and not withdrawn.