IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Other Events
Item8.01. Other Events.
On June22, 2017, iHeartCommunications, Inc.
(iHeartCommunications), an indirect subsidiary of iHeartMedia,
Inc. (iHeartMedia), issued a press release announcing that it has
extended the expiration time and withdrawal deadline in the
previously announced exchange offers (the Notes Exchange Offers)
that were launched on March15, 2017 to exchange certain series of
its outstanding debt securities (the Existing Notes) for new
securities of iHeartCommunications, iHeartMedia, and CC Outdoor
Holdings, Inc. and concurrent consent solicitations with respect
to the terms of the Existing Notes.
On June22, 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.
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:
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Press Release issued by iHeartCommunications, Inc., dated June 22, 2017, announcing the extension of the Notes Exchange Offers (Incorporated by reference to Exhibit 99.1 to iHeartCommunications, Inc.s Current Report on Form 8-K filed June 22, 2017). |
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Press Release issued by iHeartCommunications, Inc., dated June 22, 2017, announcing the extension of the Term Loan Offers (Incorporated by reference to Exhibit 99.2 to iHeartCommunications, Inc.s Current Report on Form 8-K filed June 22, 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.