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New Issue-Cumulus Media sells $610 mln in 8-yr snr nts

Fri Apr 29, 2011 5:56pm EDT 

 April 29 (Reuters) - Cumulus Media Inc (CMLS.O) on Friday
sold $610 million of senior notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
 JP Morgan, UBS, Macquarie Capital, RBC and ING were the
joint bookrunning managers for the sale.
BORROWER: CUMULUS MEDIA INC
AMT $610 MLN      COUPON 7.75 PCT     MATURITY 5/1/2019  
TYPE SR NTS       ISS PRICE 100       FIRST PAY 11/1/2011
MOODY'S B3        YIELD 7.75 PCT      SETTLEMENT 5/13/2011
S&P CCC-PLUS      SPREAD 483 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS
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