Another Extension For iHeart Term Loan and Exchange Offers

0

To little surprise, there’s been another prolongation of the exchange offers and term loan offers crafted more than nine months ago by iHeartMedia.


Perhaps the lone suspense surrounding the twin offerings is when, if at all, in 2018 the debt-laden owner of more radio stations than any other company in the U.S. will see the requisite amount of takers — or amend or abandon the offerings altogether.

The latest extension comes just days after one Wall Street analyst hoped for a Chapter 11 bankruptcy reorganization for iHeart, slamming the company for what it has done to the equity value of subsidiary Clear Channel Outdoor Holdings.

Please Login to view this content. (Not a member? Join Today!)