Cumulus Media completes tender

New York, April 30 - Cumulus Media Inc. said it completed its tender offer and consent solicitation for its 10 3/8% senior subordinated notes due 2008.

By the tender offer expiration deadline of 12.01 a.m. ET on April 30, $88.786 million of the notes had been tendered and not withdrawn.

The Atlanta radio company said it now has $13.7 million principal amount of the notes outstanding.

It observed that the outstanding notes can be called at any time after July 1, 2003.

Holders who tendered received $1,081.80 per $1,000 principal amount of the notes, including accrued and unpaid interest up to but not including April 30.

Holders who consented to the proposed amendments to the indenture at or prior to the consent expiration date received a consent payment of $20.00 per $1,000 principal amount of notes for a total consideration of $1,101.80 per $1,000 principal amount.

J.P. Morgan Securities Inc. was dealer manager for the offer and solicitation agent for the solicitation. MacKenzie Partners, Inc. (call 800 322-2885) was information agent for the offer and the solicitation.

Amkor to redeem 9¾% notes

New York, April 30 - Amkor Technology, Inc. said it will redeem its outstanding 9¼% senior notes due 2006.

The West Chester, Pa. company will fund the redemption with proceeds from a planned offering of $425 million senior notes due 2013.

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