Indianapolis-based Emmis Communications, whose stock remains pennies above the $1 line, announced it is amending its credit agreement following approval from lenders. Facing $183 million worth of debt which was to be repaid this year, Emmis will now move the maturity date of that debt to November 2014, while raising the minimum yield to 12.25%. This will also allow Emmis, which made known its willingness to sell radio stations in New York City and Chicago, to hold off on a quick sale. Emmis Chairman & CEO Jeff Smulyan says the new deal with lenders "provides Emmis with a significant opportunity to address our capital structure and gives us the flexibility we need going forward, as our business continues to grow and gain momentum."