IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Regulation FD Disclosure
Item7.01.
| Regulation FD Disclosure. |
On March 15, 2017, iHeartCommunications, Inc.
(iHeartCommunications), an indirect subsidiary of iHeartMedia,
Inc. (the Company), commenced exchange offers (the Notes Exchange
Offers) 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 March 15, 2017,
iHeartCommunications also commenced offers (the Term Loan Offers)
to amend or exchange its outstanding Term Loan D and Term Loan E
borrowings under its senior secured credit facility for new term
loans of iHeartCommunications and/or new securities of the
Company, CC Outdoor Holdings, Inc. and Broader Media, LLC. The
new securities being offered to holders of the
iHeartCommunications existing debt in the Notes Exchange Offers
and the Term Loan Offers are referred to as the New Securities.
The New Securities will not be registered under the Securities
Act and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements. This Current Report on Form 8-K is neither an offer
to sell or exchange nor the solicitation of an offer to buy the
New Securities or any other securities and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such
offering, solicitation or sale would be unlawful.
A copy of the press release announcing the Notes Exchange Offers
is attached hereto as Exhibit 99.1 and is incorporated in this
Item 7.01 by reference.
A copy of the press release announcing the Term Loan Offers is
attached hereto as Exhibit 99.2 and is incorporated in this Item
7.01 by reference.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
The following documents are filed herewith:
|
ExhibitNo. |
Description |
|
| 99.1 |
Press Release issued by iHeartCommunications, Inc., dated March 15, 2017, announcing the commencement of the Notes Exchange Offers (incorporated by reference to iHeartCommunications Current Report on Form 8-K filed on March 15, 2017). |
|
| 99.2 |
Press Release issued by iHeartCommunications, Inc., dated March 15, 2017, announcing the commencement of the Term Loan Offers (incorporated by reference to iHeartCommunications Current Report on Form 8-K filed on March 15, 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 -0.07 at 1.15 with 14,705 shares trading hands.
