On January 7, we announced that Audacy has reached an agreement with a supermajority of our debtholders on a financial restructuring that will place Audacy on a strong financial footing, reduce our debt by over 80% and position us for growth and success in the years ahead.
This is a positive step forward for Audacy.
We will emerge well positioned to capitalize on our strategic transformation into a scaled, leading multi-platform audio content and entertainment company with compelling growth opportunities ahead of us.
For more information, please visit AudacyAtWork.