Hedge Fund HG Vora in Lender Group Poised to Take Over Audacy

Hedge fund HG Vora Capital Management LLC is a major owner of Audacy Inc.’s senior debt and is part of a group of lenders poised to take over the bankrupt radio and podcast company, according to court papers.

• HG Vora owns more than $181 million of Audacy’s first-lien term loan and $122 million of the podcast company’s revolving credit facility, according to a Monday court filing
  • The holdings represent a share of Audacy’s $852.5 million in outstanding first-lien debt, which is spread between the term loan and senior credit facility
• HG Vora is part of a first lien lender ...