{"schema_version":"secwatch.filing_event.v1","accession":"0001499832-25-000030","form_type":"8-K","ticker":"TSQ","cik":"0001499832","company_name":"Townsquare Media, Inc.","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.800103+00:00","generated_at":"2026-05-26T05:46:23.839357+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Townsquare Media enters $490M credit facility; redeems $467.4M of 2026 notes","bullets":["New $470M term loan and $20M revolver, both maturing February 19, 2030.","Net proceeds of ~$453M used to redeem all $467.4M of 6.875% senior secured notes due 2026.","Term loan interest: SOFR floor 0.50% + 500 bps; revolver: SOFR + 375 bps (or base rate alternatives).","Facility secured by first-priority liens on substantially all assets; guaranteed by domestic subsidiaries.","Mandatory prepayments from excess cash flow and asset sales, with step-downs based on first lien net leverage."],"urls":{"canonical":"https://secwatch.observer/filing/0001499832-25-000030","json":"https://secwatch.observer/filing/0001499832-25-000030.json","markdown":"https://secwatch.observer/filing/0001499832-25-000030.md","text":"https://secwatch.observer/filing/0001499832-25-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1499832/000149983225000030/0001499832-25-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1499832/000149983225000030/tsq-20250219.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T05:46:23.839357+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":"6411d69b5afb9bf9e4fadec1116e08e7fac75774","claim":"Townsquare Media, Inc. incurred revolving credit of $20 million with Bank of America, N.A. and the lenders party thereto at SOFR plus 3.75% maturing February 19, 2030.","evidence_excerpt":"the Credit Agreement, subject to the terms and conditions set forth therein, provides for a five-year, $470 million senior secured term loan facility (the “Term Loan Facility”) and a five-year, $20 million senior secured revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Secured Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499832/000149983225000030/0001499832-25-000030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$20 million"},{"label":"Counterparty","value":"Bank of America, N.A. and the lenders party thereto"},{"label":"Rate","value":"SOFR plus 3.75%"},{"label":"Maturity","value":"February 19, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"685364a4efc5e7769e095832fab042e25fd7fa89","claim":"Townsquare Media, Inc. incurred term loan of $470 million with Bank of America, N.A. and the lenders party thereto at SOFR plus 5.00% maturing February 19, 2030.","evidence_excerpt":"the Credit Agreement, subject to the terms and conditions set forth therein, provides for a five-year, $470 million senior secured term loan facility (the “Term Loan Facility”) and a five-year, $20 million senior secured revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Secured Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499832/000149983225000030/0001499832-25-000030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$470 million"},{"label":"Counterparty","value":"Bank of America, N.A. and the lenders party thereto"},{"label":"Rate","value":"SOFR plus 5.00%"},{"label":"Maturity","value":"February 19, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}