- Reuters•2 days ago
A judge on Friday rejected Cumulus Media Inc's bid to proceed with a refinancing plan that the second-largest U.S. radio network hoped would help reduce its $2.4 billion debt load, but was opposed by some lenders. The decision by U.S. District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta-based company filed in December, accusing JPMorgan Chase & Co of withholding consent to parts of its refinancing plan. In its lawsuit, Cumulus said that JPMorgan's actions in its role as administrative agent under a 2013 credit agreement had threatened a deal it reached with bondholders that would deleverage the company by up to $305 million.
- The Wall Street Journal•2 days ago
A federal judge on Friday blocked Cumulus Media Inc. from restructuring $610 million in bonds, siding with lenders who challenged the proposed debt exchange.
- The Wall Street Journal•5 days ago
WSJ Pro Bankruptcy journalists discuss the latest news in bankruptcy and corporate restructuring.
CMLS : Summary for Cumulus Media Inc. - Yahoo Finance
Cumulus Media Inc. (CMLS)
NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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|Bid||0.45 x 2000|
|Ask||0.90 x 300|
|Day's Range||0.60 - 0.99|
|52 Week Range||0.24 - 2.40|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||0.78|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|