Salem Media Group amends loan agreement to increase borrowing capacity

CAMARILLO, Calif. - Salem Media Group, Inc. (OTCQX:SALM), a multimedia company with a market capitalization of $27.68 million and current stock price of $0.94, has entered into a Third Amendment to its Loan and Security Agreement with Siena Lending Group LLC, according to a press release statement issued by the company. InvestingPro analysis indicates the stock is currently undervalued.

The amendment, dated July 28, 2025, adds additional real property owned by Salem Radio Properties, Inc. to the collateral under the loan agreement. This change increases the borrowing base and consequently the amount that the company may borrow under the agreement. The company’s current ratio stands at 0.7, with total debt of $158.7 million, according to InvestingPro data.

The original Loan and Security Agreement was dated December 26, 2023, and involves Salem Media Group, Inc. and certain of its subsidiaries as borrowers with Siena Lending Group LLC as the lender.

Salem Media Group describes itself as a multimedia company specializing in Christian and conservative content, operating through a national radio network, digital platforms, and publishing brands.

The company’s stock trades on the OTCQX market under the ticker symbol SALM.

In other recent news, SalMar ASA reported its Q1 2025 earnings, which showed a challenging period for the company. The results revealed a significant decline in operational EBIT and a net loss after tax. Despite these financial setbacks, SalMar ASA expressed optimism about future demand and its strategic initiatives. The company did not announce any mergers or acquisitions during this period. There were no analyst upgrades or downgrades reported in conjunction with the earnings release. SalMar ASA’s management continues to focus on overcoming current challenges. These developments highlight the company’s current financial situation and its outlook for the future.

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