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Sunday, April 5, 2015

Townsquare Announces Successful Refinancing


Townsquare Media announced on Wednesday the closing of an offering of $300 million in aggregate principal amount of its 6.500 percent senior notes due 2023. Townsquare also announced a $325 million senior secured credit facility, including a new seven-year, $275 million term loan. Both were to complete the company's previously announced redemption of the outstanding 9.00 percent senior notes due 2019, in aggregate principal amount of $410.9 million.

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