Townsquare Media extends revolving facility by two years to 2022

By Sarah Lizee

Olympia, Wash., May 6 – Townsquare Media, Inc. amended its credit agreement on April 30 with Royal Bank of Canada as administrative agent and collateral agent to extend the maturity date of the existing revolver by two years to April 1, 2022, according to an 8-K filing with the Securities and Exchange Commission.

The extension includes a springing maturity six months inside the maturity date of the term loan B facility.

The amendment also modified asset sale provisions in the senior secured credit facility.

Townsquare Media is a Greenwich, Conn.-based diversified media and entertainment and digital marketing services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.