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Prospect News home > News index > List of issuers Paydowns > Headlines for Altoona > News item
Published on 6/11/2019 in the Prospect News Bank Loan Daily.

Cumulus Media New Holdings to pay down portion of secured term loan

By Angela McDaniels

Tacoma, Wash., June 11 – Cumulus Media Inc. subsidiary Cumulus Media New Holdings Inc. plans to partially repay existing debt under its senior secured term loan facility, according to a company news release.

The subsidiary expects to fund the paydown with the proceeds of $300 million of senior secured first-lien notes due 2026.

Cumulus Media is an Atlanta-based radio broadcaster.


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