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BRIEF-Entercom Communications, CBS Radio announce pricing of term loan
March 2, 2017 / 9:19 PM / 7 months ago

BRIEF-Entercom Communications, CBS Radio announce pricing of term loan

March 2 (Reuters) - Entercom Communications Corp:

* Entercom Communications and CBS Radio announce pricing of term loan in connection with merger

* Entercom Communications - CBS Radio established pricing for 7-year, $500 million senior secured term loan b to be issued in connection with merger

* Entercom Communications Corp- loan will have an interest rate of libor plus 2.75%, with no libor floor, and will be issued at par

* Entercom Communications - CBS Radio’s credit facility is being amended to include new term loan, which is expected to be funded at closing of merger Source text for Eikon: Further company coverage:

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