A Second Cumulus Lender Snaps Up Shares


On Thursday RBR+TVBR exclusively reported on the rapid acceleration of Cumulus Media stock by Brigade Capital Management, a member of the “Ad-Hoc Cross-Holder Committee” — the group comprised of holders of $2.025 million in term loans and 7.75% senior notes due May 2019 that objected to Cumulus’ restructuring plan.

We now know a second lender has taken a beneficial ownership stake in Cumulus.

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