Will Equitize over 80% of the Companys Debt and Establish a Robust Capital Structure to Drive Long-Term Growth
Audacy Expects to Emerge from Chapter 11 Process Following Regulatory Approval from the Federal Communications Commission
Audacy is Poised to Capitalize on Growth Opportunities as a Scaled, Leading Multi-Platform Audio Content and Entertainment Company with Distinctive Competitive Advantages
PHILADELPHIA, February 20, 2024–(BUSINESS WIRE)–Audacy, Inc., (OTC: AUDA) (the “Company” or “Audacy”) announced today that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) approved the Companys Plan of Reorganization (“the Plan”). With the Plan approved, Audacy expects to emerge from the Chapter 11…
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