Audacy Successfully Completes Financial Restructuring; Emerges …
WEB3 days ago — PHILADELPHIA, PA – September 30, 2024 – Audacy, Inc. (the “Company” or “Audacy”) announced today that it has successfully completed its financial restructuring, implementing a fully consensual, deleveraging transaction that equitized approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to $350 million.
Audacy Receives Court Approval of Reorganization Plan
WEBPhiladelphia, PA – February 20, 2024 – Audacy, Inc., (OTC: AUDA) (the “Company” or “Audacy”) announced today that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) approved the Company’s Plan of Reorganization (“the Plan”).
Audacy will head to bankruptcy court after months of delays …
WEB2 days ago — Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant, a move that comes after months of delays ...
Audacy Successfully Completes Financial Restructuring; Emerges …
WEB3 days ago — PHILADELPHIA, September 30, 2024--Audacy, Inc. (the "Company" or "Audacy") announced today that it has successfully completed its financial restructuring, implementing a fully consensual ...
Audacy Reaches Agreement with a Supermajority of its …
WEBAudacy expects that the Court will hold a hearing to consider the approval of the Plan in February and to emerge from bankruptcy once regulatory approval is obtained from the …
Audacy completes its financial restructuring and now plans to go …
WEB2 days ago — Audacy, an internet radio conglomerate, operates hundreds of music, news and sports radio stations. The company, founded in 1968 as Entercom Communications, merged with CBS Radio in 2017, before ...
Audacy emerges from bankruptcy as a private company - Axios
WEB2 days ago — Radio and podcast giant Audacy has emerged from Chapter 11 bankruptcy protection following the approval of a transfer of its radio station licenses from the Federal Communications Commission (FCC).. Why it matters: The firm, which was delisted from the New York Stock Exchange in May, leaves bankruptcy as a private company with a significantly reduced debt load, CEO David Field told Axios.
Audacy going private after bankruptcy emergence, FCC approval
WEB1 day ago — Philadelphia-based radio broadcaster Audacy has emerged from bankruptcy shedding about $1.6 billion worth of debt, and now plans to go private, following an FCC approval for its restructuring. “We are pleased to have successfully achieved all of our restructuring goals, emerging with an ...
FCC Approves Plan That Allows Audacy to Exit Bankruptcy
WEB2 days ago — Philadelphia-based Audacy sheds about 80% of its debt through the process, down to $350 million, according to bankruptcy court filings. Soros Fund Management will command at least 40% of the stock in the new Audacy, according to the company. The fund is directed by Alex Soros, son of George Soros, …
FCC approves radio license transfers to allow Audacy to exit bankruptcy
WEB2 days ago — The company filed for bankruptcy in January in Houston, Texas, with a pre-negotiated debt deal that wipes out its existing equity shares and turns over control of the company to a lender group.