Cumulus Media Enters Prepackage Chapter 11 Bankruptcy Agreement To Eliminate $600 Million In Debt

Cumulus Media Inc. (OTCQB: CMLS) (the “Company,” “Cumulus,” “Cumulus Media,” “we,” “us,” or “our”) today announced that it has entered into a comprehensive restructuring support agreement (the “RSA” or the “Agreement”) with a group of its lenders to eliminate approximately $600 million of debt, substantially deleveraging its balance sheet and enhancing its ability to execute […]

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