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Published on 3/15/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Entercom details redemption of 7¼% notes due 2024

Chicago, March 15 – Entercom Communications Corp. detailed plans for the upcoming redemption of its 7¼% senior notes due 2024, according to an 8-K filing with the Securities and Exchange Commission.

The company will redeem the notes at 103.625 on April 10.

The company had previously issued a conditional notice of redemption based on a successful offering of at least $500 million of new notes.

The company sold $540 million of new 6¾% notes due 2029, and the redemption will occur after the closing of the new notes.

Entercom is a Philadelphia-based audio and entertainment company.


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