Entercom Board Member To Exit As Big Debt Swap Begins

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Updated at 5:40pm Eastern


Entercom Communicationswhich this week expanded its holdings in the podcast space and amended its October 2016 credit agreement with JPMorgan Chase Bank, has announced that it priced $540 million in aggregate principal amount of 6.750% senior secured second-lien notes due  in eight years.

It also quietly disclosed to the SEC on Wednesday that one of its board members will not stand for reelection.

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