Emmis Communications to repay term loan debt via asset sale proceeds

By Marisa Wong

Morgantown, W.Va., Jan. 31 – Emmis Communications Corp. will repay term loan debt under its senior credit facility using proceeds from an asset sale, according to an 8-K filing with the Securities and Exchange Commission.

Emmis received net proceeds of $4.7 million from the sale of substantially all of the assets of its radio stations in Terre Haute, Ind., completed in two transactions.

Emmis is an Indianapolis-based diversified media company.

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