SBS Enters Forbearance Deal With Majority Bondholders

RADIO ONLINE | Saturday, March 14, 2026 | 5:32pm CT

Spanish Broadcasting System (SBS)

Spanish Broadcasting System (SBS) has entered into a temporary forbearance agreement with holders of a majority of its outstanding 9.750% Senior Secured Notes due 2026 after the notes reached maturity on March 1.

The Miami-based company said it has been engaged in discussions with bondholders about a potential transaction aimed at addressing the maturity of the notes and strengthening its capital structure. As part of those discussions, participating holders have agreed to refrain from exercising certain rights and remedies tied to the maturity for a 30-day period while negotiations continue.

SBS said the talks are progressing constructively and are focused on reaching a consensual solution. However, the company cautioned that there can be no assurance that a final agreement will be reached or completed.

The company stated it remains focused on serving its audiences, customers and partners while continuing to support employees and maintain relationships with stakeholders built over four decades.

Spanish Broadcasting System operates radio stations in major U.S. Hispanic markets including Los Angeles, New York, Miami, Houston, Chicago, San Francisco, Orlando, Tampa and Puerto Rico. The company also runs AIRE Radio Networks, MegaTV, live events operations and digital platforms including the LaMusica streaming app and HitzMaker talent platform.