I wish I understood this better. For instance:
In this case, a share of stock is debt. In order to buy out Cumulus' holdings from Bain, they issued $20B in stock, with some having a closing date (ie agreed buy back date) in 2019 at an agreed upon price.
Not really unusual nor is that as big of outstanding stock as it appears. Their current market cap at their beat down price is $95 Million, so if they even get back to close to their 52 week high of around $7, they should be set. Not to mention, their all time high of around $90 around the buy-out time. This is one of those cases to take Warren Buffet's advice and buy in when it is beat down.