---
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"
generated_at: "2026-06-05T10:28:36.939942+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cumulus subsidiary commences exchange offer for $346M 6.75% notes due 2026 to new 8.75% notes due 2029

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058623-24-000027
- JSON: https://secwatch.observer/filing/0001058623-24-000027.json
- Plain text: https://secwatch.observer/filing/0001058623-24-000027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.