Townsquare Media ( (TSQ) ) has issued an update.
On February 19, 2025, Townsquare Media, Inc. entered into a $490 million credit agreement with Bank of America, N.A., which includes a $470 million senior secured term loan facility and a $20 million revolving credit facility. The company used approximately $453 million of the net proceeds to redeem all outstanding 6.875% senior secured notes due 2026, thereby restructuring its debt and potentially improving its financial flexibility.
More about Townsquare Media
YTD Price Performance: -2.00%
Average Trading Volume: 68,025
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $135.6M
For a thorough assessment of TSQ stock, go to TipRanks’ Stock Analysis page.