IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Other Events
Item8.01.
| Other Events. |
On April5, 2017, iHeartCommunications, Inc. (the
iHeartCommunications), an indirect subsidiary of iHeartMedia,
Inc. (the Company), issued a press release announcing that it has
extended the deadline for participation in the previously
announced exchange offers (the Notes Exchange Offers) that were
launched on March15, 2017 to exchange certain series of
iHeartCommunications outstanding debt securities (the Existing
Notes) for new securities of iHeartCommunications, the Company
and CC Outdoor Holdings, Inc. and concurrent consent
solicitations with respect to the terms of the Existing Notes.
On April5, 2017, iHeartCommunications also issued a press release
announcing that it has extended the deadline for participation in
the previously announced offers (the Term Loan Offers) that were
launched on March15, 2017 to amend its outstanding Term Loan D
and Term Loan E borrowings under its senior secured credit
facility and/or exchange the term loans for new securities of the
Company and CC Outdoor Holdings, Inc. and/or
iHeartCommunications.
A copy of the press release announcing the extension of the Notes
Exchange Offers is attached hereto as Exhibit 99.1 and is
incorporated in this Item8.01 by reference.
A copy of the press release announcing the extension of the Term
Loan Offers is attached hereto as Exhibit 99.2 and is
incorporated in this Item8.01 by reference.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
The following documents are furnished herewith:
|
Exhibit No. |
Description |
|
| 99.1 |
Press Release issued by iHeartCommunications, Inc., dated April 5, 2017, announcing the extension of the Notes Exchange Offers (incorporated by reference to Exhibit 99.1 of iHeartCommunications, Inc.s Current Report on Form 8-K filed April6, 2017). |
|
| 99.2 |
Press Release issued by iHeartCommunications, Inc., dated April 5, 2017, announcing the extension of the Term Loan Offers (incorporated by reference to Exhibit 99.2 of iHeartCommunications, Inc.s Current Report on Form 8-K filed April6, 2017). |
About IHEARTMEDIA, INC. (OTCMKTS:IHRT)
iHeartMedia, Inc. is a global media and entertainment company that specializes in broadcast and digital radio, out-of-home, mobile, and on-demand entertainment and information services for national audiences and local communities. The Company operates in three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor). Its iHM segment provides media and entertainment services through broadcast and digital delivery and also includes its national syndication business. Its Americas outdoor and International outdoor segments provide outdoor advertising services in their respective geographic regions using various digital and traditional display types. Its other category includes its full-service media representation business, Katz Media Group, as well as other general support services. It has a Smartbike bicycle rental program that provides bicycles for rent to the general public in several municipalities. IHEARTMEDIA, INC. (OTCMKTS:IHRT) Recent Trading Information
IHEARTMEDIA, INC. (OTCMKTS:IHRT) closed its last trading session down -0.23 at 3.25 with 53,859 shares trading hands.
