{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-274580","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2021-09-16T23:59:59+00:00","discovered_at":"2026-05-14T18:04:16.981330+00:00","generated_at":"2026-06-29T03:08:00.593072+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Salem Media closes refinancing of $112.8M 2024 notes with $114.7M of 7.125% notes due 2028","bullets":["Exchanged $112.8M of 6.75% senior secured notes due 2024 for $114.7M of 7.125% senior secured notes due 2028 (including 1.688% call premium).","After refinancing, $103.5M of the original 2024 notes remain outstanding.","Obtained commitments for up to $50M additional 2028 notes contingent on performance benchmarks, proceeds to repurchase 2024 notes exclusively.","New notes mature June 1, 2028; interest payable semi-annually at 7.125%.","CEO states refinancing provides clear path to address remaining debt maturities and offers flexibility for investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-274580","json":"https://secwatch.observer/filing/0001193125-21-274580.json","markdown":"https://secwatch.observer/filing/0001193125-21-274580.md","text":"https://secwatch.observer/filing/0001193125-21-274580.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312521274580/0001193125-21-274580-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312521274580/d230198d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T03:08:00.593072+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}