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. The Company emerges as a healthy, scaled, multi-platform leader in the dynamic audio sector, […]
Audacy Completes Financial Restructuring, Emerges as Multi-platform Leader