US

Audacy Offers Shareholders Right To Purchase Up To Five Million Additional Shares For Debt Payments

In order to raise capital to further pay down its debt, Audacy is offering its qualifying stockholders the ability to purchase to 5,000,000 additional shares, in the aggregate, of the Company’s Class A Common Stock and Class B Common Stock at a purchase price of $20.00 per share. All equity capital raised by the purchases will be used to repay existing debt. […]