secwatch.observer — SEC 8-K summary
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Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001058623-24-000055
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cumulus Media extends exchange offer for 6.75% notes to April 16; only $15M tendered
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- Expiration extended from April 12 to April 16, 2024 at 5:00 p.m. NY time.
- As of April 12, only $15 million aggregate principal of Old Notes tendered.
- Exchange offers $770 principal of new 8.750% notes due 2029 per $1,000 of Old Notes.
- Old Notes carry 6.750% coupon with 2026 maturity; new notes at 8.750% due 2029.
- Early tender deadline of March 18 has passed; withdrawal deadline expired March 11.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862324000055/0001058623-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862324000055/cmls-20240415.htm
  HTML page:      https://secwatch.observer/filing/0001058623-24-000055

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