PROSPECTUS SUPPLEMENT NO. 5
$330,000,000
1.875% Convertible Subordinated Notes due 2011
Common Stock
This prospectus supplement supplements the prospectus dated May 13, 2004 of Citadel Broadcasting Corporation, as supplemented, relating to the sale by certain of our securityholders (including their permitted pledgees, donees, assignees, transferees, successors and others who later hold any of the selling securityholders' interests) of up to $330,000,000 aggregate principal amount of notes and the common stock issuable upon conversion of the notes. You should read this prospectus supplement in conjunction with the prospectus, and this prospectus supplement is qualified by reference to the prospectus, except to the extent that the information in this prospectus supplement supersedes the information contained in the prospectus.
The table of selling securityholders contained on pages 87-91 of the prospectus is hereby amended to add and/or reflect the name change of the entities named below as selling securityholders.
|
Name |
Principal Amount of
Notes Beneficially
Owned That
May be Sold |
Percentage
of Notes
Outstanding Prior
to this Offering |
Number of Shares
of Common Stock Beneficially
Owned Prior to
this Offering(1) |
Conversion Shares
of Common Stock
Offered(2) |
Number of Shares
of Common Stock Beneficially
Owned After this Offering(3) | ||||||||||
|
|
|
|
|
|
| ||||||||||
|
JP Morgan Securities Inc. |
$ |
4,560,000 |
1.38 |
% |
— |
178,842 |
— | ||||||||
|
Mellon HBV Master Convertible Arbitage Fund LP |
1,715,000 |
* |
— |
67,255 |
— | ||||||||||
| Mellon HBV Master Leveraged Multi-Strategy Fund LP |
93,000 |
* |
— |
3,647 |
— | ||||||||||
| Mellon HBV Master Multi-Strategy Fund LP |
837,000 |
* |
— |
32,824 |
— | ||||||||||
| Mint Master Fund LTD |
355,000 |
* |
— |
13,922 |
— | ||||||||||
| Otter Creek International, LTD. |
300,000 |
* |
— |
11,765 |
— | ||||||||||
| Otter Creek Partners I, L.P. |
200,000 |
* |
— |
7,843 |
— | ||||||||||
|
SCI Endowment Care Common Trust Fund - Wachovia |
|
45,000 |
* |
|
— |
1,765 |
— | ||||||||
|
|
|
|
|
| |||||||||||
* Less than 1%
| (1) | Shares in this column do not include shares of common stock listed in the column to the right, which are issuable upon conversion of the notes offered hereby. |
| (2) | The number of conversion shares shown in the table above assumes conversion of the full amount of notes held by such holder at the initial conversion rate of 39.2157 shares per $1,000 principal amount of notes at maturity. This conversion rate is subject to certain adjustments. Accordingly, the number of shares of common stock issuable upon conversion of the notes may increase or decrease from time to time. Under the terms of the indenture, fractional shares will not be issued upon conversion of the notes. Cash will be paid instead of fractional shares, if any. |
| (3) | Assumes all of the notes and shares of common stock issuable upon their conversion are sold in the offering. |
Investing in the notes involves risks. See "Risk Factors" beginning on page 12 of the prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation of the contrary is a criminal offense.
The date of this prospectus supplement is June 22, 2004.