It’s got 30 days to remedy that, following an April 1 notification from lead lender Bank of America. BofA considers the year-end auditor’s report a “triggering event” and has declared a technical default. What will happen between now and the end of the 30-day period? Lots of negotiations, says today’s T-R-I newsletter. Group owner Regent may well be able to reach terms on amending its credit agreement or making other changes demanded by its creditors. If not, then the next stage is an “Event of Default”, allowing lenders and secured creditors to speed up the maturity of the debt ($195 million, as of March 31) and to charge a higher rate of interest. The Radio-Info.com boards are discussing the issue here: