---
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"
generated_at: "2026-06-19T00:23:55.508070+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Salem Media Group to redeem $36.5M 6.75% notes due 2024, issue $44.7M 7.125% notes due 2028

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-048864
- JSON: https://secwatch.observer/filing/0001193125-23-048864.json
- Plain text: https://secwatch.observer/filing/0001193125-23-048864.txt

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