Entercom to repay term loan debt with proceeds from add-on notes

By Sarah Lizee

Olympia, Wash., Dec. 10 – Entercom Communications Corp. plans to partially repay existing debt under its senior secured term loan facility using proceeds from add-on notes, according to a press release.

The company announced that its subsidiary, Entercom Media Corp., plans to offer $100 million of 6½% senior secured second-lien notes due 2027. The issuer previously sold $325 million of the notes.

Entercom is a Philadelphia-based media and entertainment company.

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