Restructuring Report
March 9, 2026 - Cumulus Media, Lutheran Home and Services for the Aged, NFN8 Group, Buddy Mac Holdings
6:30
This episode covers key developments in four major restructuring and bankruptcy cases:
Cumulus Media, operator of 394 radio stations nationwide, files a prepackaged Chapter 11 in Houston with a deal to eliminate approximately $592 million in debt, reduce annual interest expense by nearly $49 million, and hand 95% of the reorganized equity to secured lenders. The filing marks the broadcaster’s…