ENTERCOM COMMUNICATIONS CORP. (NYSE:ETM) Files An 8-K Entry into a Material Definitive Agreement

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ENTERCOM COMMUNICATIONS CORP. (NYSE:ETM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

Supplemental Indenture

In connection with the consent solicitation previously announced by Entercom Communications Corp. (the “Company”), on December8, 2017 (the “Effective Time”), CBS Radio Inc. (“CBS Radio”), a wholly owned subsidiary of the Company, entered into a second supplemental indenture (the “Supplemental Indenture”) to the indenture, dated October17, 2016 (as amended, supplemented or otherwise modified, the “Indenture”), by and among CBS Radio, the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee, governing CBS Radio’s 7.250% Senior Notes due 2024 (the “Notes”), to give effect to certain amendments (the “Amendments”) to the Indenture. The Amendments align certain definitions in the Indenture with the corresponding definitions in CBS Radio’s credit facility. to the terms of the Supplemental Indenture, the Amendments became effective at the Effective Time and, upon payment of the consent payment, will thereafter become operative and bind all holders of Notes.

The foregoing description of the Supplemental Indenture is a summary and is qualified in its entirety by reference to the Supplemental Indenture, a copy of which is filed as Exhibit4.1 to this Current Report on Form8-K and is incorporated herein by reference.

Item 1.01 Regulation FD Disclosure.

On December11, 2017, the Company announced that, as of the Effective Time, CBS Radio had received the requisite consents in connection with the consent solicitation. A copy of the press release announcing the receipt of the requisite consents is furnished as Exhibit 99.1 to this Current Report on Form8-K and is incorporated herein by reference.

The information set forth in this Item 1.01 of this Current Report on Form8-K and Exhibit99.1 hereto is being furnished and shall not be deemed to be “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 1.01 Financial Statements and Exhibits.

(d) Exhibits


ENTERCOM COMMUNICATIONS CORP Exhibit
EX-4.1 2 d463019dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 EXECUTION VERSION       CBS RADIO,…
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About ENTERCOM COMMUNICATIONS CORP. (NYSE:ETM)

Entercom Communications Corp. is a radio broadcasting company. The Company has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Company operates through the radio broadcasting segment. The Company sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths. The Company has both frequency modulation (FM) and amplitude modulation (AM) radio stations. The Company focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated digital advertising solutions. The Company’s stations are typically classified by their format, such as news, sports, talk, classic rock, adult contemporary, alternative and country. The Company’s radio stations include KSWD FM, KOSI FM, KYGO FM, KEPN AM, KKFN FM, KQKS FM, KRWZ AM, WSTR FM, WQXI AM, WLYF FM, WMXJ FM, KBZT FM and KIFM FM.