Challenge Period Extended For iHeart Term Loan, PGN Claims


The U.S. Bankruptcy Judge overseeing the reorganization petition submitted by the No. 1 radio station owner in the U.S. on Friday signed off on an order that extends the “challenge period” with respect to term loan and “priority guarantee note” (PGN) claims.

It involves several financial institutions and the official committee of unsecured iHeartMedia creditors.

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