Audacy Receives Court Approval Of Reorganization Plan; Expects To Emerge From Chapter 11 Process Following Regulatory Approval From Federal Communications Commission
Audacy Receives Court Approval Of Reorganization Plan; Expects To Emerge From Chapter 11 Process Following Regulatory Approval From Federal Communications Commission
Audacy獲得法院對重組計劃的批准；在聯邦通信委員會的監管批准後，預計將從第11章程序中脫穎而出
Under the approved Plan, Audacy will equitize approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to approximately $350 million. Trade and other unsecured creditors will not be impaired.
根據批准的計劃，Audacy將對約16億美元的融資債務進行股權化，從約19億美元減少80％至約3.5億美元。貿易和其他無擔保債權人不會受到損害。
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