Audacy announces launch of $45 million add-on offering of 6.500% senior secured second-lien notes due 2027

Philadelphia--(business wire)--audacy, inc. (nyse: aud) (“audacy” or the “company”) announced today that audacy capital corp. (f/k/a entercom media corp.) (the “issuer”), its wholly owned subsidiary, plans to offer, subject to market conditions and other factors, $45 million in aggregate principal amount of the issuer's 6.500% senior secured second-lien notes due 2027 (the “additional notes”). the company is in the process of completing a small digital acquisition for approximately $40 million
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