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

Connoisseur Media Reshuffles West Coast Programming

Brian ''Fig'' Figula

Connoisseur Media has announced a series of programming leadership changes across its West Coast radio stations following the recent expansion of 98.5 KBAY (Bay Country) in San Jose. Brian "Fig" Figula has been promoted to Regional Operations Manager for the Bay Area, overseeing Connoisseur's stations in San More

iHeart Tops Triton Digital's June Podcast Rankings

Triton Digital

iHeart Audience Network continued to dominate Triton Digital's U.S. Podcast Ranker for June 2026, maintaining the top position among podcast sales networks while several new shows entered the rankings. According to Triton Digital's latest Podcast Ranker, covering the period from More

SiriusXM Launches 24/7 WWE Radio Channel

SiriusXM

SiriusXM and WWE have announced the launch of WWE Radio, a new 24/7 channel dedicated to professional wrestling that will become the official audio home of WWE beginning Monday, July 27. Taking over SiriusXM channel 156, WWE Radio will feature live audio broadcasts of WWE's More

Seaboard Networks Adds ''Manic Hispanic'' Show

James Rivas

Seaboard Networks has signed a syndication distribution agreement with James Rivas' Manic Hispanic radio program, expanding the reach of the Chicano-focused "souldies" show. Hosted by James "The Manic Hispanic" Rivas, the program originates from KAJM in Phoenix and is currently heard on KTGV in Tucson. The More

PodcastOne Adds Billy Corgan Interview Podcast

PodcastOne

PodcastOne has acquired the exclusive sales and distribution rights to The Magnificent Others, the interview podcast hosted by Smashing Pumpkins frontman Billy Corgan. Under the agreement, PodcastOne will provide advertising sales, marketing and distribution for the series, with the More

Radio Groups Push FCC to Lift Ownership Caps

Federal Communications Commission (FCC)

Connoisseur Media and Beasley Media Group are urging the Federal Communications Commission to eliminate or significantly relax local radio ownership limits, arguing that rules adopted nearly 30 years ago no longer reflect today's competitive media landscape and are putting the radio industry at a growing 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 ^®