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Cumulus Media Reports Operating Results for the Second Quarter 2024
CMLSCumulus Media(CMLS) Newsfilter·2024-08-02 12:01

Completed Highly Successful Debt Exchange That Reduced Our Debt Obligations Under Our Debt Instruments by Approximately 33Million,ExtendedMaturitiesto2029,ObtainedFavorableInterestRates,andPreservedStructureFreeofFinancialMaintenanceCovenantsUpsizedABLFacilityby2533 Million, Extended Maturities to 2029, Obtained Favorable Interest Rates, and Preserved Structure Free of Financial Maintenance Covenants Upsized ABL Facility by 25% to 125 Million and Extended Maturity to 2029 Reported Q2 Total Revenue of $205 Million, Down 2.5%, in Line with Pacing Guidance Increased Digital Marketing Services Revenue by 24%, Total Digital Revenue by 5% ATLANTA, Aug. ...