{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-048864","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.670188+00:00","generated_at":"2026-06-19T00:23:55.508070+00:00","sec_items":["8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Salem Media Group to redeem $36.5M 6.75% notes due 2024, issue $44.7M 7.125% notes due 2028","bullets":["Issued notice to redeem all $36,535,000 of 6.750% Senior Secured Notes due 2024 on March 27, 2023 at par plus accrued interest.","To fund redemption, plans to issue $44,685,000 of additional 7.125% Senior Secured Notes due 2028 under existing purchase agreement.","New notes have higher coupon (7.125% vs 6.750%) and longer maturity (2028 vs 2024); closing subject to customary conditions.","Net proceeds from additional notes exceed redemption amount, implying additional capital raise."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-048864","json":"https://secwatch.observer/filing/0001193125-23-048864.json","markdown":"https://secwatch.observer/filing/0001193125-23-048864.md","text":"https://secwatch.observer/filing/0001193125-23-048864.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523048864/0001193125-23-048864-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523048864/d448575d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T00:23:55.508070+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"}