Here’s What Moody’s Thinks About Salem’s Debt Deal

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Salem Media Group on Monday (5/8) made two big revelations. First, its Q1 2017 net revenue was flat while net income saw a nice rise. Second, Salem says it intends to offer some $255 million aggregate principal amount of senior secured notes due 2024 in a private offering. Moody’s Investors Service chimed in, and has assigned a rating to the notes.

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