{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-015453","form_type":"8-K","ticker":"SALM","cik":"0001050606","company_name":"SALEM MEDIA GROUP, INC. /DE/","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.230633+00:00","generated_at":"2026-06-06T17:24:21.582367+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Salem Media amends credit agreement: LC limit raised to $3M, consents to sale-leaseback with $6.2M debt prepayment","bullets":["Letter of credit limit increased from $1.0M to $3.0M under the Siena Lending Group facility.","Lender consents to sale-leaseback of Camarillo, CA property; at least $6,231,900 in net proceeds to prepay revolving loans.","Post-sale, aggregate revolving loans and undrawn LCs must remain at least $6.5M (minimum usage threshold).","Sublimit on advances against eligible real estate reduced quarterly by $178,571 starting April 1, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-015453","json":"https://secwatch.observer/filing/0001193125-24-015453.json","markdown":"https://secwatch.observer/filing/0001193125-24-015453.md","text":"https://secwatch.observer/filing/0001193125-24-015453.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050606/000119312524015453/0001193125-24-015453-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050606/000119312524015453/d719020d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:24:21.582367+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":"c4b05f0a9bf1072644ebe09346ab2c5124d1a4d5","claim":"SALEM MEDIA GROUP, INC. /DE/ amended Letter Amendment and Consent with Siena Lending Group LLC (effective 2024-01-19).","evidence_excerpt":"On January 19, 2024, Salem Media Group, Inc. (the “ Company” ) and Siena Lending Group LLC (the “ Lender ”) entered into a Letter Amendment and Consent (the “ Amendment Letter ”) amending that certain Loan and Security Agreement (the “ Loan and Security Agreement ”), dated as of December 26, 2023, by and among the Lender, the Company and certain subsidiaries of the Company (collectively with the Company, the “ Borrowers ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050606/000119312524015453/0001193125-24-015453-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Siena Lending Group LLC"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}