Audacy Advances Ch. 11 Prepack To Slash $1.6B In Debt
By Clara Geoghegan ( January 8, 2024, 8:37 PM EST) -- A Houston bankruptcy judge Monday approved a bundle of first day motions that keeps radio broadcaster and media company Audacy Inc. on track to confirm its prepackaged Chapter 11 plan to cut $1.6 billion from its balance sheets in a debt-for-equity swap by February....
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