Audacy Offers $45 Million In Notes To Raise Cash For 'Small Digital Acquisition'
In a Form 8-K filing with the SEC TODAY (10/13), AUDACY's subsidiary AUDACY CAPITAL CORP. disclosed that it is making a private offering of $45 million in 6.500% senior secured second-lien notes due 2027 to raise money to make what it calls a "small digital acquisition" for about $40 million. The deal for the unnamed company is expected to close this month. The offering is an add-on to an existing indenture from APRIL 30, 2019 under which a previous $425 million was issued.The ...
Source: allaccess.com