Greenwich, CT – July 24, 2014 – Townsquare Media, Inc. (the “Company”) announced today the pricing of its initial public offering of 8,333,333 shares of Class A common stock at a price to the public of $11.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,250,000 shares at the initial public offering price less the underwriting discounts and commissions, to cover over-allotments, if any. The Company’s Class A common stock is expected to begin trading on the New York Stock Exchange under the symbol “TSQ” today. The offering is expected to close on July 29, 2014, subject to customary closing conditions.
BofA Merrill Lynch, Jefferies, RBC Capital Markets, Guggenheim Securities and Macquarie Capital are acting as joint bookrunning managers.
The offering of these securities will be made only by means of a prospectus. A copy of the prospectus may be obtained by writing to BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, email: dg.prospectus_requests@baml.com; Jefferies, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: (877) 547-6340, e-mail: Prospectus_Department@Jefferies.com; RBC Capital Markets, Attn: Equity Syndicate, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, telephone: 877-822-4089; Guggenheim Securities, Attn: Equity Syndicate Department, 330 Madison, 8th Floor, New York, NY 10017, telephone: (212) 518-9349, email: GSEquityProspectusDelivery@guggenheimpartners.com; or Macquarie Capital, Attn: Prospectus Department, 125 West 55th St, 22nd Floor, New York, NY 10019, telephone: (212) 231-0528, email: us.prospectus@macquarie.com.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on July 24, 2014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
About Townsquare Media, Inc.
Townsquare Media, Inc. is a diversified media, entertainment and digital marketing services company that owns and operates radio, digital and live event properties. The company specializes in creating and distributing original entertainment, music and lifestyle content.
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