Key Developments: Entercom Communications Corp (ETM.N)
9.47USD
2 Aug 2013
$-0.32 (-3.27%)
$9.79
$9.73
$9.73
$9.47
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$11.00
$5.35
Latest Key Developments (Source: Significant Developments)
Entercom Communications Corp Comments On Q4 2012 EBITDA Guidance
Entercom Communications Corp announced that for the fourth quarter of 2012, it expects another quarter of solid growth in EBITDA. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $32 million for the fourth quarter of 2012. Full Article
Entercom Communications Corp Comments On H2 2012 EBITDA Guidance-Conference Call
Entercom Communications Corp announced that while global and domestic economic conditions remain mixed, it is cautiously optimistic about the remainder of the year. The combination of top line growth and margin expansion should enable to deliver strong gains in EBITDA during the second half of 2012. Full Article
Entercom Communications Corp. Announces Launch Of $250 Million Senior Note Private Offering
Entercom Communications Corp. announced that its wholly owned finance subsidiary Entercom Radio, LLC (Entercom Radio) plans to offer in a private offering, subject to market conditions and other factors, $250 million aggregate principal amount of senior notes due 2019 (Notes). The Notes will be guaranteed by Entercom and all of Entercom Radio’s existing and future domestic, restricted subsidiaries that guarantee Entercom Radio’s debt under the new credit facilities to be entered into at the time of the closing of the offering (New Credit Facility), other than Entercom Radio’s subsidiaries that hold no material assets other than Entercom’s FCC licenses (License Subsidiaries), which will guarantee the Notes on a senior subordinated basis. Entercom Radio intends to use the net proceeds from the offering, together with initial borrowings under the New Credit Facility and cash and cash equivalents, to repay its existing senior secured credit facilities, to pay fees and expenses in connection with the offering and the New Credit Facility and for general corporate purposes. Full Article

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