SMG Closes Refinancing of $112.8M of Senior Secured Notes

Salem Media Group

Salem Media Group has closed the refinancing of $112.8 million of its senior secured notes due 2024 by way of exchange and/or sale and purchase of $112.8 of 2024 Notes into $114.7 of newly issued 7.125% Senior Secured Notes due 2028. After the refinancing, only $103.5 million of the 2024 Notes remain outstanding.

Originating during the same time with the refinancing, Salem has obtained commitments from the holders of the 2028 Notes to purchase up to $50 million in additional 2028 Notes, contingent upon Salem satisfying certain performance benchmarks, the proceeds of which are to be used to repurchase or repay 2024 Notes.

"With this refinancing and our expected future free cash flow generation, we believe Salem has a clear path to ultimately push out all of the rest of our outstanding debt maturities. It also provides flexibility to opportunistically invest in our business," stated SMG CEO Edward G. Atsinger III.

Latest Radio Stories

Amy Leimbach Named Beasley Las Vegas Market Manager

Amy Leimbach

Beasley Media Group names 25-year industry vet Amy Leimbach as Vice President and Market Manager of its Las Vegas radio cluster, including KKLZ-FM, KVGS-FM, KOAS-FM, KXTE-FM and KCYE-FM. She began the role on Monday, March 9. Most recently, Leimbach served as Region President for iHeartMedia's Dallas More

Cumulus Media Plan Would Cancel Shares, Go Private

Cumulus Media

Cumulus Media's proposed Chapter 11 restructuring would eliminate existing shareholders and convert the company into a privately held broadcaster, according to the company's prepackaged Plan of Reorganization filed in U.S. Bankruptcy Court. Under the plan, all current equity interests in Cumulus Media More

NAB Names 2026 Engineering Achievement Award Winners

Bert Goldman

The National Association of Broadcasters (NAB) has named Bert Goldman and Harvey Arnold as the recipients of its 2026 Engineering Achievement Awards, recognizing their contributions to radio and television engineering. They will be honored during the We Are Broadcasters Awards Ceremony on the Main Stage at More

Blog: AM/FM Radio Dominates In-Car Listening

Cumulus Media and Westwood One

AM/FM radio continues to dominate in-car audio listening, according to new findings from Edison Research's latest "Share of Ear" study highlighted in a new blog post from Cumulus Media and Westwood One's Audio Active Group. The quarterly Share of Ear study surveys roughly 4,000 Americans each year to More

B-Dub Radio Expands to 70 Weekend Affiliates

BDub

B-Dub Radio, in partnership with Skyview Networks, has expanded its national reach to more than 70 weekend affiliates with the addition of Long Island's WWWF-FM (The Wolf). The program, hosted by country personality B-Dub, continues to grow its footprint among country music stations, offering a mix of More

National Park After Dark Joins fwd. Podcast Network

The Fwd Network

AdLarge and the fwd. network announced that the podcast National Park After Dark has joined its growing roster of women-led shows, expanding the network's collection of true crime programming. Hosted by Danielle LaRock and Cassie Yahnian, National Park After Dark explores the darker side of America's More

Return to Menu

SMG Closes Refinancing of $112.8M of Senior Secured Notes

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ^®

SMG Closes Refinancing of $112.8M of Senior Secured Notes

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ®

Copyright © 1989-2026 RADIO ONLINE ^®