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BRIEF-Cumulus Media Inc announces discounted prepayment of a portion of senior secured term loan facility
December 30, 2016 / 9:18 PM / a year ago

BRIEF-Cumulus Media Inc announces discounted prepayment of a portion of senior secured term loan facility

Dec 30 (Reuters) - Cumulus Media Inc

* Cumulus Media Inc announces discounted prepayment of a portion of senior secured term loan facility

* Cumulus Media Inc says completed a discounted prepayment of a portion of its $1.8 billion senior secured term loan facility due December 2020

* Cumulus Media Inc says purchased $28.7 million of face value of its senior secured term loan for $20.0 million, a discount to par value of 30%

* Will recognize a one-time non-operating gain of approximately $8.7 million in its Q4 and full year 2016 earnings Source text for Eikon: Further company coverage:

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