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Prospect News home > News index > List of issuers C > Headlines for Citadel Broadcasting Corp. > News item
Published on 7/31/2003 in the Prospect News Bank Loan Daily.

Citadel Broadcasting to repay $389 million bank debt with IPO proceeds

New York, July 31 - Citadel Broadcasting Corp. said it will repay $389 million of borrowings under its credit facility using proceeds from its initial public offering of common stock.

The New York radio broadcaster priced is 22 million share IPO at $19.00 per share. There is a greenshoe for 3.3 million shares.


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