{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-229306","form_type":"8-K","ticker":null,"cik":"0001067837","company_name":"AUDACY, INC.","filed_at":"2024-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.564474+00:00","generated_at":"2026-05-30T22:59:10.975011+00:00","sec_items":["1.01","1.02","1.03","2.03","3.02","3.03","5.01","5.02","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Audacy emerges from Chapter 11, equitizes $1.6B debt, and plans to go private","bullets":["Equitized approximately $1.6B of funded debt, reducing total debt from ~$1.9B to $350M (80% reduction).","New exit credit facility of $250M (first-out $25M, second-out $225M) plus $100M receivables facility secured.","Old equity cancelled; issued 8.28M Class A shares, 914k Class B shares, 2.12M second lien warrants, and 807k special warrants.","New board of seven directors appointed, including CEO David J. Field; prior board resigned.","Company plans to suspend SEC reporting and become a private company."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-229306","json":"https://secwatch.observer/filing/0001193125-24-229306.json","markdown":"https://secwatch.observer/filing/0001193125-24-229306.md","text":"https://secwatch.observer/filing/0001193125-24-229306.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1067837/000119312524229306/0001193125-24-229306-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1067837/000119312524229306/d753507d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T22:59:10.975011+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":"54487c2a715aab2525b0d9b5644a98dc9be4b99e","claim":"AUDACY, INC. entered chapter 11.","evidence_excerpt":"Item 1.03. Bankruptcy or Receivership. The information set forth in the Introductory Note and Items 1.01 and 1.02 of this Current Report on Form 8-K is incorporated herein by reference.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1067837/000119312524229306/0001193125-24-229306-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"}],"fact_type":"distress_event"},{"claim_id":"232bc0d41c","claim":"Mark R. LaNeve resigned as Director at AUDACY, INC..","evidence_excerpt":"the following directors of the board of directors of Audacy (the “ Board ”), in their capacities as such, were deemed to have resigned or otherwise ceased to be directors of Audacy on the Effective Date (and any committees of the Board thereof) (collectively, the “ Director Resignations ”): (1) David J. Berkman, (2) Sean R. Creamer, (3) Joel Hollander, (4) Louise Kramer, (5) Mark R. LaNeve, (6) Roger Meltzer, (7) Susan K. Neely and (8) Joseph M. 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Berkman, (2) Sean R. Creamer, (3) Joel Hollander, (4) Louise Kramer, (5) Mark R. LaNeve, (6) Roger Meltzer, (7) Susan K. Neely and (8) Joseph M. Field (Chairman Emeritus).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1067837/000119312524229306/0001193125-24-229306-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"419206c295","claim":"Sean R. Creamer resigned as Director at AUDACY, INC..","evidence_excerpt":"the following directors of the board of directors of Audacy (the “ Board ”), in their capacities as such, were deemed to have resigned or otherwise ceased to be directors of Audacy on the Effective Date (and any committees of the Board thereof) (collectively, the “ Director Resignations ”): (1) David J. Berkman, (2) Sean R. Creamer, (3) Joel Hollander, (4) Louise Kramer, (5) Mark R. 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Neely resigned as Director at AUDACY, INC..","evidence_excerpt":"the following directors of the board of directors of Audacy (the “ Board ”), in their capacities as such, were deemed to have resigned or otherwise ceased to be directors of Audacy on the Effective Date (and any committees of the Board thereof) (collectively, the “ Director Resignations ”): (1) David J. Berkman, (2) Sean R. Creamer, (3) Joel Hollander, (4) Louise Kramer, (5) Mark R. LaNeve, (6) Roger Meltzer, (7) Susan K. Neely and (8) Joseph M. 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Berkman, (2) Sean R. Creamer, (3) Joel Hollander, (4) Louise Kramer, (5) Mark R. LaNeve, (6) Roger Meltzer, (7) Susan K. Neely and (8) Joseph M. Field (Chairman Emeritus).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1067837/000119312524229306/0001193125-24-229306-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"cef4cea405","claim":"David J. Berkman resigned as Director at AUDACY, INC..","evidence_excerpt":"the following directors of the board of directors of Audacy (the “ Board ”), in their capacities as such, were deemed to have resigned or otherwise ceased to be directors of Audacy on the Effective Date (and any committees of the Board thereof) (collectively, the “ Director Resignations ”): (1) David J. Berkman, (2) Sean R. Creamer, (3) Joel Hollander, (4) Louise Kramer, (5) Mark R. 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}