SAGA COMMUNICATIONS, INC. (NYSEMKT:SGA) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On June 27, 2018, Saga Communications, Inc. (the “Company”) entered into a Second Amendment to its Credit Agreement, dated as of August 18, 2015 and amended on September 1, 2017, between the Company, JPMorgan Chase Bank, N.A., The Huntington National Bank and Citizens Bank (collectively, the “Lenders”) and JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent for the Lenders (“Agent”), extending the the revolving credit maturity date under the Credit Agreement for five years after the date of the amendment. The foregoing description of the Second Amendment is qualified in its entirety by the terms of the Second Amendment filed as Exhibit 10.1 to this Form 8-K, which is incorporated into this Item 1.01 by reference.
|Item 9.01||Financial Statements and Exhibits|
SAGA COMMUNICATIONS INC ExhibitEX-10.1 2 tv497442_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 SECOND AMENDMENT TO CREDIT AGREEMENT THIS SECOND AMENDMENT TO CREDIT AGREEMENT,…To view the full exhibit click
About SAGA COMMUNICATIONS, INC. (NYSEMKT:SGA)
Saga Communications, Inc. is a broadcast company primarily engaged in acquiring, developing and operating broadcast properties. The Company owns and/or operates over four television stations and over five low-power television stations serving approximately two markets, and over 67 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving approximately 20 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri. The Company operates in two segments: Radio and Television. The Radio segment includes over 23 markets, which includes approximately 100 of its radio stations. The Television segment includes over two markets and consists of approximately four television stations and over five low power television (LPTV) stations. The radio stations that the Company owns and/or operates employ various programming formats, including Classic Hits and Country.