After cutting debt, Emmis lines up $100M refinancing
Indianapolis-based Emmis Communications Corp. announced Dec. 28 that it had pulled off a $100 million debt refinancing under favorable terms, the culmination of CEO Jeff Smulyan’s years-long quest to strengthen the company’s balance sheet. Emmis had been carrying debt far above market rates, some as high as 23 percent. It also was facing tens of […]