{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-24-000027","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.253457+00:00","generated_at":"2026-06-05T10:28:36.939942+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cumulus subsidiary commences exchange offer for $346M 6.75% notes due 2026 to new 8.75% notes due 2029","bullets":["Exchange offer for all outstanding $346,245,000 of 6.750% Senior Secured First-Lien Notes due 2026.","Early tender (by 5:00 p.m. ET, March 11, 2024) receives $800 principal of new 8.750% notes per $1,000 old notes, including $30 early tender premium.","New notes mature March 15, 2029; old notes mature 2026.","Concurrent consent solicitation to eliminate substantially all restrictive covenants and release collateral if 66.67% consent obtained.","Also offering exchange of Old Term Loans for New Term Loans under a new credit agreement (not conditioned on note exchange)."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-24-000027","json":"https://secwatch.observer/filing/0001058623-24-000027.json","markdown":"https://secwatch.observer/filing/0001058623-24-000027.md","text":"https://secwatch.observer/filing/0001058623-24-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000027/0001058623-24-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000027/cmls-20240227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T10:28:36.939942+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}