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home / news releases / entercom prices upsized 540m senior notes offering


ETM - Entercom prices upsized $540M senior notes offering

Entercom Communications' ([[ETM]] -0.7%) wholly owned subsidiary Entercom Media priced its upsized $540M in principal amount of 6.750% senior secured second-lien notes due 2029.Issuer expects to use the net proceeds for redeeming all of its 7.250% senior notes due 2024 and to partially repay existing indebtedness under its senior secured credit facility.Sale of notes expected to close on Mar.25.Earlier: Entercom readies $500M senior notes offering

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Entercom prices upsized $540M senior notes offering
Stock Information

Company Name: Entercom Communications Corp.
Stock Symbol: ETM
Market: NYSE

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