Time Is Ticking For Audacy On Interest Payments


Twenty-two days ago, $17 million was due from Audacy Inc. to cover an interest payment associated with a credit facility that commenced some seven years earlier. To date, this payment has not yet been made, with extensions granted by the lenders.

On Sunday, the company formerly known as Entercom entered into a fresh Credit Facility Amendment, stretching the due date of that interest payment and another lesser payment by another week.

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