Core Viewpoint - Spanish Broadcasting System, Inc. has entered into a forbearance agreement with majority bondholders to address the maturity of its 9.750% Senior Secured Notes due 2026, which matured on March 1, 2026, while negotiations for a consensual solution continue [1]. Company Overview - Spanish Broadcasting System, Inc. (SBS) operates radio stations in major U.S. Hispanic markets including Los Angeles, New York, Miami, Houston, Chicago, San Francisco, Orlando, Tampa, and Puerto Rico, offering various music formats [1]. - SBS also runs AIRE Radio Networks, a national platform with over 250 affiliated stations reaching 94% of the U.S. Hispanic audience, and owns MegaTV, a television network with extensive distribution [1]. - The company provides digital marketing solutions through its department, Digidea, and operates digital properties like LaMusica and HitzMaker, focusing on Latino content and new talent [1].