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Salem Communications Corp (SALM)

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Last Post: 11/12/2021 8:01:50 AM - Followers: 4 - Board type: Free - Posts Today: 0

"We may from time to time, depending on market conditions and prices, contractual restrictions, our financial liquidity and other factors, seek to repurchase the 2024 Notes in open market transactions, privately negotiated transactions, by tender offer or otherwise, as market conditions warrant.

As described above, on September 10, 2021, we exchanged $112.8 million of the 2024 Notes for $114.7 million of newly issued 2028 Notes, reflecting a call premium of 1.688%. Bond issuance costs of $1.1 million associated with the $112.8 million of the 2024 Notes are being amortized as part of the effective yield on the 2028 Notes.
On September 24, 2021, we repurchased $4.7 million of the 2024 Notes for $4.7 million in cash, recognizing a net loss of $56,000 after adjusting for bond issuance costs.
Based on the balance of the 2024 Notes outstanding of $98.8 million, we are required to pay $6.6 million per year in interest on the 2024 Notes. As of September 30, 2021, accrued interest on the 2024 Notes was $2.3 million.
We incurred debt issuance costs of $4.2 million, of which $2.3 million of third-party debt modification costs are reflected in operating expenses for the current period, $0.8 million is deferred with the Delayed Draw 2028 Notes, and $1.1 million, along with $3.0 million from the exchanged 2024 Notes, is being amortized as part of the effective yield on the 2028 Notes."

https://www.otcmarkets.com/filing/html?id=15330602&guid=iQtwkno1-lwfJth#D240858D10Q_HTM_TX240858_8
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SALM News: Initial Statement of Beneficial Ownership (3) 05/18/2022 08:40:30 AM
SALM News: Salem Media to Present at the Singular Research Spring Select Webinar 05/18/2022 08:00:00 AM
SALM News: Former Salem Employee, Tim Hartlage Returns to Lead Nashville Sales Team 05/16/2022 08:00:00 AM
SALM News: Initial Statement of Beneficial Ownership (3) 05/13/2022 07:56:33 AM
SALM News: 2000 Mules Becomes the Most Successful Political Documentary in a Decade, Seen by 1 Million 05/12/2022 08:00:00 AM
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#34   "We may from time to time, depending on StockLogistics 11/12/21 08:01:50 AM
#33   SALM is strong even when currently oversold for StockLogistics 11/11/21 07:04:41 AM
#32   “5:31p ET 11/4/2021 - Benzinga StockLogistics 11/10/21 07:40:17 AM
#31   Salmoon time imo great stock undervalued many times StockLogistics 11/09/21 08:13:48 PM
#30   Great earnings this quarter, SALM going to $33 StockLogistics 11/08/21 07:08:56 PM
#29   Ready to roar, infrastructure vote passed lots of StockLogistics 11/08/21 07:43:02 AM
#28   Very bullish and undervalued. IMO GLTA Argus63 10/22/21 06:15:24 PM
#27   Float to bloated ...conservative shiid heafz can't makes starkd748 10/21/21 02:15:54 PM
#26   DWAC crowd finding Conservative Media plays now. SALM..and gp22 10/21/21 01:17:20 PM
#25   Gap fill $2.15 looking to see that in StockLogistics 10/06/21 08:40:53 AM
#24   SALM https://twitter.com/realwillmeade/status/1400172027827347457 G2G 06/02/21 03:27:55 PM
#23   $2.70 nice :) wesley_ 06/02/21 01:27:00 PM
#22   :-) Ichauway 02/13/21 04:59:05 PM
#21   I still love it jonsmile 10/04/20 07:43:15 PM
#20   Hello, does anyone still believe in this stock? makingitnow 09/11/20 07:18:42 PM
#19   Hey Dubster! fivexshot 07/22/20 06:08:08 AM
#18   You still own this Fiveshot? I value your opinion Dubster watching 07/21/20 01:50:23 PM
#17   * * $SALM Video Chart 07-17-2020 * * ClayTrader 07/17/20 05:01:42 PM
#16   News: $SALM Salem Host Appointed by President Trump whytestocks 07/15/20 04:00:14 PM
#15   Buying the dip! $$$ to be made! Jess070283 06/17/20 10:40:35 AM
#14   Just found out that the radio towers and dd92251 12/30/19 01:55:07 PM
#13   News: $SALM Salem Dominates TALKERS List; Gorka Debuts whytestocks 06/13/19 03:44:29 PM
#12   Time for a run headed into Political advertising StockNinja33 06/13/19 08:14:12 AM
#11   If Ed Atsinger could only get the dividend fivexshot 02/24/19 05:05:46 AM
#10   SALM... An outstanding dividend play here, into fivexshot 02/23/19 09:41:37 PM
#9   up, Up, "UP we go"!!! fivexshot 06/13/18 08:34:29 AM
#8   .065 cents per share dividend, per quarter... fivexshot 06/03/18 02:43:20 PM
#7   SALM is a Rocka-Rolla. fivexshot 05/17/18 08:00:15 AM
#6   $SALM recent news/filings stocktrademan 07/29/15 12:19:53 PM
#5   RSI(14)81.34 Short to kill! lecorb 06/18/15 09:36:28 AM
#4   SALM, Beautiful bubble. Explode in anytime as a lecorb 06/17/15 10:16:37 AM
#3   SALM, walking on the ledge of overbought.$6.1556 +10.91% RSI(14)78.55 lecorb 06/16/15 02:12:59 PM
#2   SALM, walking on the ledge of overbought.$6.1556 +10.91% RSI(14)78.55 lecorb 06/16/15 02:12:58 PM
#1   Looks like another good day for SALM with Giddyup1 05/24/13 12:04:29 PM
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