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Two principals of Salem will provide $9 million in credit
The plan is to use up to $3 million from board chairman Stu Epperson Sr. and $6 million from CEO Ed Atsinger to buy back some of Salem Communications' senior secured notes. That disclosure comes in an SEC filing that says the company has just refinanced its $40 million senior lending facility, which moves from Bank of America to Wells Fargo. The existing facility was due to expire in December 2012, and this refinancing moves back back to December 2014. Previous and Next Stories
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