Citadel now to redeem 7¾% senior notes due 2018 on Sept. 16

By Marisa Wong

Madison, Wis., Sept. 14 - Citadel Broadcasting Corp. currently expects to redeem its 7¾% senior notes due 2018 on Sept. 16, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company previously announced that it would redeem the notes on Sept. 15. The company mailed revised redemption notices to holders on Sept. 13.

The redemption is in connection with Citadel's merger with Cumulus Media Inc., Cumulus Media Holdings Inc. and Cadet Merger Corp. and is conditioned upon completion of the merger.

The notes will be redeemed at 107.75 plus accrued interest from June 15 up to but excluding the redemption date.

Wilmington Trust Co. is the trustee, and Deutsche Bank Trust Co. Americas is the registrar, authentication agent and paying agent.

Citadel is a Las Vegas-based radio company.

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