Moody's says Entercom Communications' merger with CBS Radio is not expected to impact the ratings
New York, February 02, 2017-- Moody's Investors Service says Entercom Communications Corp.' s announcement that it has entered into a merger agreement with CBS Radio Inc. is expected to be a credit positive, but is not expected to lead to a change in the B1 corporate family rating. The existing debt at CBS Radio, including $960 million of term loan B and $400 million of senior notes, is expected to remain outstanding as the change of control provision was not triggered by the...
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