MediaCo Secures Debt Waiver; Revenue Climbs For Fifth Quarter
MediaCo Holding reported Q2 net revenue of $34.0M, up 9% year over year, and $65.4M for the first six months, up 10%, in an SEC Form 10-Q. The company said it obtained an Aug. 14 lender waiver to avoid an Audio Adjusted EBITDA covenant default. It reclassified $63.3M debt as current and extended two delayed-draw loan maturities to Oct. 31, citing going-concern risks.




