Seven Months Later, iHeart Offers Counter Proposal On Debt Exchange


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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