Cumulus Media Announces Agreement To Eliminate Substantially All Remaining Debt And Significantly Strengthen Financial Position
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March 5 (Reuters) - Cumulus Media Inc (CMLS.PK) :CUMULUS MEDIA ANNOUNCES AGREEMENT TO ELIMINATE SUBSTANTIALLY ALL REMAINING DEBT AND SIGNIFICANTLY STRENGTHEN FINANCIAL POSITIONCUMULUS MEDIA INC - ENTERS AGREEMENT TO ELIMINATE ABOUT $600 MILLION OF DEBTCUMULUS MEDIA INC - COMMENCES PREPACKAGED CHAPTER 11 PROCEEDINGS ON MARCH 5, 2026CUMULUS MEDIA INC - IN CONJUNCTION WITH CHAPTER 11 PETITIONS, CUMULUS FILED PROPOSED PLAN OF REORGANIZATION Source text: Further company coverage: (CMLS.PK)
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