On February 27, Cumulus Media revealed a tactical activity together with its Q4 2023 profits report, seeking to make the most of the company’s sources structure. With its subsidiary Cumulus Media New Holdings Inc., the broadcaster introduced a campaign to extend its financial obligation maturation by 3 years while boosting the rates of interest by 2 percent factors.
The really initial wave of that Exchange Offer and Consent Solicitation saw a 2nd growth on March 27.
Presently, an extra expansion has actually been proclaimed by the Atlanta-based freely traded audio product production and circulation firm led by CEO Mary Berner.
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