Cumulus Media Announces Amendment and Extension of Withdrawal Deadline and Expiration Time for Exchange Offer and Consent Solicitation ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has amended its previously announced offer to exchange (as so amended, the “Exchange Offer”) any and all of the Issuer’s outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.000% Senior Secured First-Lien Notes due 2029 (“New Notes”)...
Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024 ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced selected preliminary operating results for the three months ended March 31, 2024. For the three months ended March 31, 2024, the Company expects to report net revenue in a range of $199.0 million to $201.0 million, net loss in a range of $(14.9) million to $(13.4) million, and Adjusted EBITDA(1) in a range of $7.65 million to $9.15 million. The Company will issue...
Moody's Ratings (Moody's) has today withdrawn Guangxi Beibu Gulf Investment Group Co., Ltd.'s (Beibu Investment) Ba1 corporate family rating. The outlook prior to the withdrawal was negative. RATINGS RATIONALE Moody's has decided to withdraw the rating for its own business reasons. Please re...
While the higher number of new launches and completed units hitting the Singapore residential market in 2024 and 2025 enables buyers to shop around more, the spectre of persistently higher interest rates, as well as high property taxes, could have a dampening effect on sentiment in the near term. We see limited impact on CDL given its diversified income stream while PropNex could be protected by its high 6.5% dividend yield. Maintain OVERWEIGHT.
Moody's Ratings (Moody's) has assigned a rating to one class of notes issued by Symphony CLO 43, Ltd. (the "Issuer" or "Symphony CLO 43"). Moody's Ratings rating action is as follows: U.S.$256,000,000 Class A-1 Floating Rate Senior Notes due 2037 (the "Class A-1 Notes"), Assigned Aaa (sf) RA...
Moody's Ratings (Moody's) has assigned a rating of Aa2 to State of Oregon Housing and Community Services Department's (OHCSD or the Department) approximately $38.805 million Mortgage Revenue Bonds (Single-Family Mortgage Program), 2024 Series A (Non-AMT) and approximately $42.205 million Mortgage Re...
UPDATE: LifeWallet Announces a Comprehensive Settlement with a Group of Affiliated Property & Casualty Insurers CORAL GABLES, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “the Company”) announces another comprehensive settlement with a group of affiliated property and casualty insurers (“P&C Insurers”) that write personal lines of P&C insurance in multiple states. In addition to settling existing claims, the settlement establishes a going-forward process to collaboratively and timely resolve future claims, as well as share ...
Moody's Ratings (Moody's) has upgraded Goodlettsville, TN's issuer rating and general obligation unlimited tax (GOULT) debt ratings to Aa2 from Aa3. The city had $12.5 million of debt outstanding as of fiscal 2023. The upgrade to Aa2 reflects the city's robust financial position marked by very str...
Moody's Ratings (Moody's) has assigned provisional ratings to the notes to be issued by American Credit Acceptance Receivables Trust 2024-2 (ACAR 2024-2). This is the second ACAR auto loan transaction of the year for American Credit Acceptance, LLC (ACA; unrated) and the sixth transaction of the she...
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