---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-049120"
form_type: "8-K"
ticker: "CMLS"
cik: "0001058623"
company_name: "CUMULUS MEDIA INC"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T15:09:09.969942+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cumulus Media amends exchange offer: 6.75% notes for 8% notes due 2029, extends deadline to May 1

## Summary
- Issuer offers $940 principal of new 8% notes due 2029 per $1,000 of old 6.75% notes due 2026; maturity extended to July 2029.
- Transaction Support Agreement with holders of ~80% of Old Notes and ~97% of Old Term Loans; 1% PIK fee for supporting group.
- Amended expiration time extended to midnight May 1, 2024; withdrawal deadline extended to April 22, 2024.
- Exchange offer now subject to minimum 95% tender condition (waivable); as of April 18, ~$15M (4.4%) of Old Notes tendered.
- Concurrent Term Loan Exchange Offer for Old Term Loans; both exchanges conditioned on each other.

## SEC filing metadata
- accession: 0001104659-24-049120
- form_type: 8-K
- ticker: CMLS
- cik: 0001058623
- company_name: CUMULUS MEDIA INC
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058623/000110465924049120/0001104659-24-049120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058623/000110465924049120/tm2412039d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-049120
- JSON: https://secwatch.observer/filing/0001104659-24-049120.json
- Plain text: https://secwatch.observer/filing/0001104659-24-049120.txt

## Key facts
- Material Agreements
  CUMULUS MEDIA INC entered into Transaction Support Agreement with Ad-Hoc Group valued at 1% paid-in-kind fee (effective 2024-04-18).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Ad-Hoc Group
  - Value: 1% paid-in-kind fee
  - Effective: 2024-04-18
  source text: On April 18, 2024, Cumulus Media Inc. (the “Company”) announced that its wholly-owned subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), entered into a Transaction Support Agreement (the “Transaction Support Agreement”) with a certain group of the Issuer’s Old Term Loan (as defined therein) lenders and holders of Old Notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000110465924049120/0001104659-24-049120-index.htm

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