{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-23-000065","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2023-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.804279+00:00","generated_at":"2026-06-14T01:48:21.492093+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Cumulus Media amends $525M term loan to replace LIBOR with SOFR","bullets":["Amendment replaces LIBOR benchmark with Term SOFR plus 0.10% for the $525M senior secured term loan.","Effective June 9, 2023; no change to principal amount, maturity, or other terms of the credit facility.","Conditions precedent: no default, representations true, lender consent obtained, fees paid.","Existing LIBOR-based loans continue at current rate until the end of their applicable interest period."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-23-000065","json":"https://secwatch.observer/filing/0001058623-23-000065.json","markdown":"https://secwatch.observer/filing/0001058623-23-000065.md","text":"https://secwatch.observer/filing/0001058623-23-000065.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000065/0001058623-23-000065-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000065/cmls-20230609.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:48:21.492093+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e4efb23b2ea54e4727e61f2233c47215e563a828","claim":"CUMULUS MEDIA INC amended Amendment with Bank of America, N.A. (\"BofA\") valued at $525.0 million (effective 2023-06-09).","evidence_excerpt":"On June 9, 2023, Cumulus Media New Holdings Inc. (“Holdings”), an indirect wholly-owned subsidiary of Cumulus Media Inc. (the “Company”), Cumulus Media Intermediate, Inc. (“Intermediate”), a direct wholly-owned subsidiary of the Company, and certain of the Company’s other subsidiaries (collectively, with Holdings and Intermediate, the “Credit Parties”) entered into a second amendment (the “Amendment”) to the Credit Agreement (as amended, the “Credit Agreement”), dated as of September 26, 2019, between the Credit Parties and Bank of America, N.A. (“BofA”), as a lender and Administrative Agent and certain other lenders from time to time party thereto, which provides for a $525.0 million senior secured term loan (the “Term Loan Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000065/0001058623-23-000065-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A. (\"BofA\")"},{"label":"Value","value":"$525.0 million"},{"label":"Effective","value":"2023-06-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}