Citadel to redeem 7¾% senior notes as part of Cumulus merger

By Toni Weeks

San Diego, Aug. 17 - Citadel Broadcasting Corp. has issued a call to redeem its 7¾% senior notes due 2018, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The redemption is in connection with Citadel's merger with Cumulus Media Inc., Cumulus Media Holdings Inc. and Cadet Merger Corp. and is conditioned on the completion of the merger.

The notes will be redeemed on Sept. 15 at 107.75 plus accrued interest from June 15 up to but not including the redemption date.

Wilmington Trust Co. is the trustee, and Deutsche Bank Trust Co. Americas is the registrar, authentication agent and paying agent.

Citadel is a Las Vegas-based radio company.

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