Entercom Media plans partial repayment of existing term loan

By Rebecca Melvin

New York, April 22 – Entercom Media Corp. plans to partially repay existing debt under its senior secured term loan facility using proceeds from new notes and cash on hand.

Entercom Media, formerly CBS Radio Inc. and subsidiary of Entercom Communications Corp., plans to offer $300 million principal amount of new senior secured second-lien notes due 2027.

The notes will be guaranteed on a senior secured second-lien basis by each direct and indirect subsidiary of the issuer.

Entercom Media is a Philadelphia-based radio broadcasting 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.