UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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Item 7.01. | Regulation FD Disclosure. |
On March 11, 2021, Entercom Communications Corp. (the “Company”) issued press releases announcing the plan to offer and the pricing, respectively, by Entercom Media Corp., its wholly owned subsidiary (the “Issuer”), of $540 million in aggregate principal amount of 6.750% senior secured second-lien notes due 2029 (the “New Secured Notes”). Copies of the press releases are attached as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K.
On March 11, 2021, the Issuer issued a conditional notice of redemption with respect to all of its $400 million aggregate principal amount of 7.250% senior notes due 2024 (the “Unsecured Notes”) in accordance with the indenture governing the Unsecured Notes (the “Redemption”). The Redemption is subject to the condition precedent that the Issuer consummates an offering of at least $500,000,000 principal amount of new debt (the “Condition”). The Condition will be fulfilled upon the closing of the offering of the New Secured Notes. Accordingly, the Issuer expects to redeem the Unsecured Notes on April 10, 2021 (the “Redemption Date”) at a redemption price equal to 103.625% of the principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date.
The information in Item 7.01 of this Current Report on Form 8-K and Exhibits 99.1 and 99.2 attached hereto shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01. | Exhibits |
(d) | Exhibits |
Exhibit |
Title | |
99.1 | Entercom Communications Corp.’s Press Release, issued March 11, 2021. | |
99.2 | Entercom Communications Corp.’s Press Release, issued March 11, 2021. | |
104 | Cover Page Interactive Data File (embedded within the XBRL file). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Entercom Communications Corp. | ||
By: | /s/ Andrew P. Sutor, IV | |
Andrew P. Sutor, IV | ||
Executive Vice President |
Dated: March 12, 2021