Wednesday, July 18, 2012 7:38:46 PM
After the quarter ended, EMMS closed or will soon close 3 transactions that combined should generate $169 million of after tax and fees proceeds that will be used to repay debt.
1) ESPN transaction which has already closed and generated $75 million of cash proceeds.
2) KISS transaction which should generate $10 million of cash proceeds when it closes this summer.
3) Grupo Radio Centro Put/call which should generate $84 million of cash proceeds when it closes this summer.
For more details on these sales, see the earnings call transcript and SEC filings.
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