• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Entercom plans $250M financing deal

G

GeorgeKramer

Guest
Interesting news announced today by the bean counters in PA.

Any early indications what this means to us as listeners? Anyone with experience in refinancing/loans/etc. can speak up.
 
i have one question?

how many jobs do you think will be lost to pay for that deal?
 
It all depends on why they're doing this deal. If it's just rolling over existing debt, could mean nothing at all. If it's refinancing some debt on more favorable terms (lower interest rate, for example) it could even improve the company's cash flow.
 
From www.rbr.com:

“Entercom Radio intends to use the net proceeds from the offering, together with initial borrowings under the New Credit Facility and cash and cash equivalents, to repay its existing senior secured credit facilities, to pay fees and expenses in connection with the offering and the New Credit Facility and for general corporate purposes,” Entercom said.
 
Beancounters shuffling money. Kind of like getting a new credit card & moving over the balance from the old credit card. Without knowing the details, it's hard to know whether the whole thing will cost Entercom more or less in interest payments.
 
I think it's a variation of what Wimpie used to say in the old Popeye cartoons: "I will glady pay you tomorrow for a hamburger today."

They're selling notes due in 2019 to pay off the notes due now. It's very standard business practice. The feds do it too.
 
sir Rox:
it's hard to know whether the whole thing will cost Entercom more or less in interest payments.

well, if it was *MORE* i DONT see them going thru with any thing -
 
They have to refinance. Their old notes are coming due in 2012, and I'm pretty sure that they don't have a big enough pile of money to pay it all off.
 
- - (dream ripple) - - -
does a situation like this mean the clusters
(say in smaller markets like Rochester, ?maybe buffalo) , or perhaps
the wisconsin stations mean they would be
willing to (Lease) or sell off a cluster ? i looked at the
entercomm map and it seems that they are very scattered
through out the U.S.

and asking price,??? the old expression, If I have to ask, LOL
then I dont have it. . but thats why this forum is here to
be the virtual bar-stool for all things that would be
discussed after havin a few (lol) . . .
but what would the estimate be for a cluster (say rochester)
or here in buffalo* - and whom would any one see as a potential buyer

(*)
Probably the most interesting piece of info. for the Buffalo market,
when selling here, (or at least selling 107.7) could Entercomm swell
the price to cover for the overage they paid for it many moons ago?
 
I don't see Entercom selling anything at this point. The selling price of the stations would likely be so much less than they paid for them that it may not even cover what they owe. And, the income more than covers the cost of payments and operations, so they're profitable. It would be like having a house that you're renting for more than the cost of the mortgage, but the house is worth less than the buyout on the mortgage. You're better off continuing to rent the house, making payments, and raking in a little profit than selling the house at a loss, and not getting any rent.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom