{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-270512","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.036411+00:00","generated_at":"2026-06-08T21:52:44.173572+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Salem Media extends forbearance to Nov 27, shortens credit maturity to Feb 1, 2024","bullets":["Forbearance period extended through November 27, 2023, from the earlier November 2 date.","Credit agreement maturity shortened to February 1, 2024.","Minimum availability requirement raised from $1M to $2M starting November 7, 2023.","Operating cash balances limited to amounts for payables and payroll due within 3 days.","Borrowers reaffirm ~$19.2 million in revolving loans and LC usage as of November 1, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-270512","json":"https://secwatch.observer/filing/0001193125-23-270512.json","markdown":"https://secwatch.observer/filing/0001193125-23-270512.md","text":"https://secwatch.observer/filing/0001193125-23-270512.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523270512/0001193125-23-270512-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523270512/d580146d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:52:44.173572+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":[{"claim_id":"fa12c5c49e634a8ac18b98b123307ad0be9214c5","claim":"SALEM MEDIA GROUP, INC. /DE/ amended Amendment with the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent (effective 2023-11-02).","evidence_excerpt":"Salem Media Group, Inc. (the \" Company \") and certain subsidiaries of the Company party to the Credit Agreement and the Forbearance Agreement (each as defined below) (together with the Company, the \" Loan Parties \") entered into an Amendment Number Ten to Credit Agreement and Amendment to Forbearance Agreement and Amendment Number Seven to Credit Agreement and Amendment Number One to Guaranty and Security Agreement, dated as of November 2, 2023 (the \" Amendment \"), with the lenders party thereto (the \" Lenders \"), and Wells Fargo Bank, National Association, as administrative agent (the \" Agent \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050606/000119312523270512/0001193125-23-270512-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent"},{"label":"Effective","value":"2023-11-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}