Entercom Communications (NYSE: ETM) announced today that its wholly owned finance subsidiary Entercom Radio, LLC (?Entercom Radio?) has commenced an exchange offer for its outstanding unregistered 10?% Senior Notes due 2019, Series A. These notes were originally issued on November 23, 2011, in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended, in an aggregate principal amount of $220 million. Holders of these notes may exchange them for an equal principal amount of a new issue of 10?% Senior Notes due 2019, Series B, pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission. Terms of the new notes are substantially identical to those of the original notes, except that the transfer restrictions and registration rights relating to the original notes do not apply to the new notes.
The exchange offer will expire one minute after 11:59 p.m., Eastern Standard Time, on January 25, 2012, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.
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