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10 个月前
BRIEF-Entercom says expects to enter into a new $520 mln senior secured credit facility
2016年10月17日 / 晚上8点42分 / 10 个月前

BRIEF-Entercom says expects to enter into a new $520 mln senior secured credit facility

Oct 17 (Reuters) - Entercom Communications Corp

* Announces bank meeting and proposed debt refinancing

* Expects to enter into a new $520 million senior secured credit facility

* Expects to use substantially all of proceeds of term loan to refinance existing senior secured bank debt of $225 million

* Says credit facility composed of $60 million revolving credit facility with 5 year maturity, $460 million term loan b with 7 year maturity

* Says expects to use all of proceeds of term loan to call $220 million in 10.5 percent senior subordinated notes, including related call premium Source text for Eikon: Further company coverage:

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