On February 27, Cumulus Media announced a tactical action alongside its Q4 2023 profits report, seeking to maximize the company’s resources framework. With its subsidiary Cumulus Media New Holdings Inc., the broadcaster launched a campaign to extend its debt maturity by three years while increasing the rates of interest by two percentage factors.
The very first wave of that Exchange Offer and Consent Solicitation saw a second expansion on March 27.
Currently, an additional expansion has been proclaimed by the Atlanta-based openly traded audio material creation and circulation firm led by CEO Mary Berner.
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