debt
confidence high
sentiment negative
materiality 0.70
Cumulus Media extends exchange offer for 6.75% notes to Apr 2; $15M tendered
CUMULUS MEDIA INC
- Expiration extended from March 26 to April 2, 2024, at 5:00 p.m. NY time.
- Old 6.750% notes due 2026 exchangeable for new 8.750% notes due 2029 at $770 principal per $1,000.
- Approximately $15 million aggregate principal of old notes tendered and not withdrawn as of March 26.
- Early tender deadline (March 18) has passed; late tenderers receive no early premium.