Seven Months Later, iHeart Offers Counter Proposal On Debt Exchange

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Could iHeartMedia lenders who have steadfastly refused to participate in an exchange of debt securities notes and signal approval to amendments to a pair of outstanding term loans be ready to work with the nation’s No. 1 radio broadcasting company on resolving an impasse that has stretched for some seven months?


That’s what iHeart’s hoping for. On Tuesday (10/24), it provided its lenders with a counter proposal.

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