How Many More Extensions Will iHeart Give Its Lenders?


Make it nine months and counting for those twin iHeartMedia offers to amend its existing term loans and for a debt securities swap.

The nation’s No. 1 radio broadcasting company announced, yet again, an extension of its exchange offers and consent solicitations. The offers were originally set to expire on April 7.

They’ve just been extended for another two weeks. And, there’s still no takers as the company’s lenders seek nearly full equity of iHeartMedia and 100% equity of Clear Channel Outdoor.

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