IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Other Events
Item8.01. Other Events.
On April13, 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, and amended the terms
of, 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 April13, 2017, iHeartCommunications also issued a press
release announcing that it has extended the deadline for
participation in, and amended the terms of, 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.
A copy of the press release announcing the amendment and
extension of the Notes Exchange Offers is attached hereto as
Exhibit 99.1 and is incorporated in this Item 8.01 by reference.
A copy of the press release announcing the amendment and
extension of the Term Loan Offers is attached hereto as Exhibit
99.2 and is incorporated in this Item 8.01 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 April13, 2017, announcing the amendment and extension of the Notes Exchange Offers (incorporated by reference to Exhibit 99.1 of iHeartCommunications, Inc.s Current Report on Form 8-K filed April13, 2017). |
|
| 99.2 |
Press Release issued by iHeartCommunications, Inc., dated April13, 2017, announcing the amendment and extension of the Term Loan Offers (incorporated by reference to Exhibit 99.2 of iHeartCommunications, Inc.s Current Report on Form 8-K filed April13, 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 -0.15 at 2.95 with 48,620 shares trading hands.