Cumulus subsidiary extends early tender time for exchange of 6.75% notes due 2026 for 8.75% notes due 2029

CUMULUS MEDIA INC

Issuer extends early tender deadline to March 18, 2024 from March 11, 2024; exchange offer expires March 26.
Holders tendering by early deadline receive $800 principal of 8.75% notes due 2029 per $1,000 of 6.75% notes due 2026 (incl. $30 early premium).
After early deadline, exchange ratio drops to $770 per $1,000.
The exchange offer targets all outstanding 6.75% senior secured first-lien notes due 2026.

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