PROPEL MEDIA, INC. (NYSE:NEWM) Files An 8-K Entry into a Material Definitive Agreement

PROPEL MEDIA, INC. (NYSE:NEWM) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01.Entry into a Material Definitive
Agreement.

On December 23, 2016, Propel Media, Inc. (the Company),
certain of its subsidiaries as Borrowers and certain other of its
subsidiaries as Guarantors entered into an amendment (the
Amendment) to that certain financing agreement, dated as
of January 28, 2015 (Financing Agreement), with certain
financial institutions as Lenders, HPS Investment Partners, LLC,
as collateral agent for the Lenders, and PNC Bank, National
Association, as a Lender and administrative agent for the
Lenders. to the Amendment, the Total Leverage Ratio (as defined
in the Financing Agreement) under the Financing Agreement was
increased from 2.98:1.00 to 3.25:1.00 for December 31, 2016.

The description of the Amendment is qualified in its entirety by
reference to the full text of such agreement, a copy of which is
attached to this Form 8-K as an exhibit and is incorporated
herein by reference.

Item 9.01.Financial Statement and Exhibits.

(d)Exhibits:

Exhibit Description
10.1 Amendment No. 1 to Financing Agreement by and among Propel
Media, Inc. and each subsidiary listed as a borrower on the
pages thereto, as Borrowers, each subsidiary of Propel Media,
Inc. listed as a guarantor on the pages thereto, as
Guarantors, the lenders from time to time party thereto, as
Lenders, HPS Investment Partners, LLC, as Collateral Agent,
and PNC Bank, National Association, as a Lender and
Administrative Agent.


About PROPEL MEDIA, INC. (NYSE:NEWM)

New Media Investment Group Inc. (New Media) is a holding company. The Company owns, operates and invests in local media assets. It has a focus on owning and acquiring local media assets in small to mid-size markets. The Company is a publisher of locally based print and online media. The Company’s operating segments include Eastern US Publishing, Central US Publishing and Western US Publishing. The Eastern US Publishing segment operates in approximately six publication group clusters: the New England Publishing Group, Cape Publishing Group, Providence Publishing Group, Mid-Atlantic Publishing Group, South Atlantic Publishing Group and Coastal Publishing Group. The Central US Publishing segment operates in the states of Illinois, Ohio, New York, Michigan, Delaware, Pennsylvania, West Virginia and Virginia. The Western US Publishing segment operates in the states of Missouri, Arkansas, Texas, California, Kansas, Iowa, Louisiana, Minnesota and Oklahoma, among others.

PROPEL MEDIA, INC. (NYSE:NEWM) Recent Trading Information

PROPEL MEDIA, INC. (NYSE:NEWM) closed its last trading session 00.00 at 16.06 with 336,439 shares trading hands.

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