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.

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