Cumulus Media Announces Pricing of $525 Million Senior Secured Term Loan B
September 19, 2019
September 19, 2019
ATLANTA, Georgia, Sept. 19 -- Cumulus Media, an audio-first media and entertainment company, issued the following news release:
Cumulus Media Inc. [NASDAQ: CMLS] (the "Company," "Cumulus," "we," "us," or "our") today announced the pricing of a new $525 million senior secured term loan B due March 2026.
The new term loan will have an interest rate of LIBOR plus 3.75% with a 1.00% LIBOR floor, issued at 99.5% of par. Proce . . .
Cumulus Media Inc. [NASDAQ: CMLS] (the "Company," "Cumulus," "we," "us," or "our") today announced the pricing of a new $525 million senior secured term loan B due March 2026.
The new term loan will have an interest rate of LIBOR plus 3.75% with a 1.00% LIBOR floor, issued at 99.5% of par. Proce . . .