SBS Recapitalizes With $310 Million

Latin media giant Spanish Broadcasting System (SBS) announced today (Feb. 18) that it has finally completed its longstanding recapitalization.

The process includes the closing of a Feb. 12 offering of $310 million in aggregate principal amount of its senior secured notes, due in 2026.

SBS’ holdings include the SBS radio network, which has some of the leading Spanish language stations in the United States and Puerto Rico, including top-rated La Mega in New York City, the most-listened to Spanish language radio station the country, according to Nielsen.

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