Audacy will head to bankruptcy court after months of delays …
WEB1 day ago · Audacy will head to bankruptcy court after the FCC agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant, a move that comes after months of delays ...
Audacy Successfully Completes Financial Restructuring; Emerges …
WEB2 days ago · PHILADELPHIA, PA – September 30, 2024 – 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.
Audacy Successfully Completes Financial Restructuring; Emerges …
WEB2 days ago · PHILADELPHIA, September 30, 2024--Audacy, Inc. (the "Company" or "Audacy") announced today that it has successfully completed its financial restructuring, implementing a fully consensual ...
Audacy emerges from bankruptcy as a private company - Axios
WEB1 day ago · Radio and podcast giant Audacy has emerged from Chapter 11 bankruptcy protection following the approval of a transfer of its radio station licenses from the Federal Communications Commission (FCC). Why it matters: The firm, which was delisted from the New York Stock Exchange in May, leaves bankruptcy …
Soros-led takeover of Audacy gets FCC approval despite opposition
WEB1 day ago · Soros Fund Management acquired roughly $415 million of Audacy's debt during the Chapter 11 process, making it the largest post-bankruptcy stakeholder in the company.
FCC approves radio license transfers to allow Audacy to exit bankruptcy …
WEB1 day ago · The company filed for bankruptcy in January in Houston, Texas, with a pre-negotiated debt deal that wipes out its existing equity shares and turns over control of the company to a lender group.
Audacy Receives Court Approval of Reorganization Plan
WEBPhiladelphia, PA – February 20, 2024 – Audacy, Inc., (OTC: AUDA) (the “Company” or “Audacy”) announced today that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) approved the Company’s Plan of Reorganization (“the Plan”).
FCC Approves Plan That Allows Audacy to Exit Bankruptcy
WEB1 day ago · Philadelphia-based Audacy sheds about 80% of its debt through the process, down to $350 million, according to bankruptcy court filings. Soros Fund Management will command at least 40% of the stock in the new Audacy, according to the company. The fund is directed by Alex Soros, son of George Soros, …
FCC Approves Audacy Restructuring; Company Plans To Emerge …
WEB2 days ago · Audacy, which owns more than 220 radio stations, filed for bankruptcy in January to restructure its balance sheet. Under the plan, approved by a federal judge in February, Audacy’s business will remain intact and it will see $1.6 billion in debt wiped out. The deal also allows Audacy to emerge from the process with access to new loans and ...
Audacy Gets Court Approval to Exit Bankruptcy, Hand Ownership …
WEBFeb 20, 2024 · Audacy — the second-largest radio broadcaster in the US — will slash nearly $1.7 billion of debt from its balance sheet through its restructuring plan, according to court papers.