Headlines out on company this morning citing a person with knowledge of the pending transactions that is stating that the deal is a $345mm term loan B, 7-yr deal, L+500bp, with a 1.25% libor floor and issued at a price of 97 cents/dollar. The all in yield for this deal will be in the 6.5% area.... pretty attractive financing in this market. As for the projected interest expense, this bank piece will have total interest expense of about $22.5mm, with cash interest (net of the original issue discount) of $21mm. Assuming the company follows this transaction with a $250mm high yield yield deal that is priced to yield 10.5% (conservative given the Cumulus bonds are currently yielding less than 9.25%), adds another $26.25mm in interest expense. That would bring total cash interest expense to about $47mm, much better than the interest expense highlighted in the analyst report mentioned above. Should bode well for stock longer term.