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Townsquare to repay credit facilities, redeem 6½% notes due 2023
By Taylor Fox
New York, Dec. 15 – Townsquare Media, Inc. plans to repay its existing senior secured credit facilities and redeem all of its outstanding 6½% senior notes due 2023 with proceeds from a $550 million note offering and cash on hand, according to a news release.
Townsquare said it plans to terminate its existing senior secured credit facilities, including its existing revolving credit facility.
Townsquare Media is a Purchase, N.Y.-based media, entertainment and digital marketing services company.
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