Brief: Cumulus Media Makes $50 Million Voluntary Debt Prepayment

Cumulus Media

22/07/2019 13:40

July 22 (Reuters) - Cumulus Media Inc  CMLS.O :
    * CUMULUS MEDIA MAKES $50 MILLION VOLUNTARY DEBT PREPAYMENT
    * CUMULUS MEDIA INC - REDUCES TOTAL DEBT BY APPROXIMATELY
$250
MILLION SINCE EMERGING FROM CHAPTER 11
    * CUMULUS MEDIA INC - DEBT PREPAYMENT WAS FUNDED BY NET
PROCEEDS
FROM PREVIOUSLY ANNOUNCED SALE OF KLOS-FM TO MERUELO MEDIA
    * CUMULUS MEDIA - REDUCED DEBT BY ABOUT $250 MILLION SINCE
EMERGING FROM CHAPTER 11 ON JUNE 4, 2018, BRINGING TOTAL DEBT TO
ABOUT $1.05 BILLION

Source text for Eikon:  ID:nGNX5ykYg 
Further company coverage:  CMLS.O 

 ((Reuters.Briefs@thomsonreuters.com;))