Dec. 13 at 9:45 PM
$SBSAA SBSAA: Refinancing Catalyst Emerging – 6-12x Upside Potential
Spanish Broadcasting System (SBSAA) operates Hispanic-focused radio stations in major markets plus a growing digital platform. It faces
$310M senior secured notes maturing March 1, 2026; stock long priced for default. Market cap hit <
$1M at
$0.07 weeks ago; now ~
$0.50 (mkt cap ~
$4.3M) on low volume—a 600%+ surge signaling refinancing odds from Q3 2025 filings (Dec 3 release).
Softened Going-Concern Warning: Removed "substantial doubt" language; now just technical note on lacking firm commitment. Auditors allow this only with evidence of viable plans (e.g., term sheets)—high historical success in similar cases.
Liquidity Boosts:
$5.7M cash from Aug Puerto Rico TV sale;
$9.7M assets for sale targeted at deleveraging; Oct revolver repayment/termination (no forced rollover).
Operational Turnaround: Q3 profitable; cost cuts sustained; digital/live events revenue rising. REFINANCING IMMINENT. MAJOR CATALYST by MARCH 1st, 2026