Have iHeart’s Lenders Won The Upper Hand?


The nation’s largest radio broadcasting company, iHeartMedia, revealed Monday (12/11) in a SEC filing that its iHeartCommunications subsidiary is “currently exploring a possible private capital-raising transaction.”

From the looks of this transaction, it appears that the company is moving forward with plans to amend or fully agree to a counter proposal presented by key lenders that could give them all of iHeart’s equity in Clear Channel Outdoor and a significant stake in iHeart.

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