Salem media group announces closing of refinancing of $112.8 million of senior secured notes due 2024 with 7.125% senior secured notes due 2028

Irving, texas--(business wire)--salem media group, inc. (nasdaq: salm) salem media group, inc. (nasdaq: salm) today announced that it has closed the refinancing (the “refinancing”) of $112.8 million of its senior secured notes due 2024 (the “2024 notes”) by way of exchange and/or sale and purchase of $112.8 of such 2024 notes into $114.7 (reflecting a call premium of 1.688%) of newly issued 7.125% senior secured notes due 2028 (the “2028 notes”). after the refinancing, only $103.5 million of th
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