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BRIEF-Cumulus enters restructuring support agreement to reduce debt by over $1 bln
November 30, 2017 / 12:23 AM / 18 days ago

BRIEF-Cumulus enters restructuring support agreement to reduce debt by over $1 bln

Nov 29 (Reuters) - Cumulus Media Inc:

* CUMULUS ENTERS RESTRUCTURING SUPPORT AGREEMENT TO REDUCE DEBT BY OVER $1 BILLION

* CUMULUS MEDIA - ENTERED RESTRUCTURING SUPPORT AGREEMENT WITH SOME LENDERS, HOLDING ABOUT 69% OF CO‘S TERM LOAN TO REDUCE CO‘S DEBT BY MORE THAN $1 BILLION​

* CUMULUS MEDIA -HAS AMPLE CASH ON HAND TO SUPPORT BUSINESS DURING RESTRUCTURING PROCESS; DOES NOT INTEND TO SEEK DEBTOR-IN-POSSESSION FINANCING​ Source text for Eikon: Further company coverage:

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