---
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"
generated_at: "2026-05-26T05:46:23.839357+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Townsquare Media enters $490M credit facility; redeems $467.4M of 2026 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001499832-25-000030
- JSON: https://secwatch.observer/filing/0001499832-25-000030.json
- Plain text: https://secwatch.observer/filing/0001499832-25-000030.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $20 million
  - Counterparty: Bank of America, N.A. and the lenders party thereto
  - Rate: SOFR plus 3.75%
  - Maturity: February 19, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1499832/000149983225000030/0001499832-25-000030-index.htm
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $470 million
  - Counterparty: Bank of America, N.A. and the lenders party thereto
  - Rate: SOFR plus 5.00%
  - Maturity: February 19, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1499832/000149983225000030/0001499832-25-000030-index.htm

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