v3.26.1
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
19. SUBSEQUENT EVENTS
Since January 1, 2026, and through the date of this filing, the Company repurchased approximately $4.3 million of its outstanding 2028 Notes at an average price of approximately 51% of par and $7.5 million of its outstanding 2031 Second Lien Notes at an average price of approximately 42% of par. As of December 31, 2025, there was $10.0 million outstanding on the Current ABL Facility. The Company repaid the entirety of this draw in the first quarter of 2026.
See Note 2 - Summary Of Significant Accounting Policies for information regarding the Company's Reverse Stock Split effective January 22, 2026.
During the first quarter of 2026, certain non-controlling interest shareholders of Reach Media exercised their annual right to require Reach Media to purchase the remaining portion of their shares at the current fair market value for such shares. On February 25, 2026, Reach Media closed on the Put Interest increasing the Company’s interest in Reach Media to 100%. Reach Media paid the non-controlling interest shareholders approximately $1.3 million for the 5.4% interest.