IHEARTMEDIA, INC. (OTCMKTS:IHRT) Files An 8-K Results of Operations and Financial Condition
Item2.02. Results of Operations and Financial Condition
The information set forth in Item 7.01 below is incorporated by
reference into this Item 2.02.
Item7.01. Regulation FD Disclosure
In anticipation of the scheduled expiration of the offers by
iHeartCommunications, Inc. (iHeartCommunications), iHeartMedia,
Inc.(the Company), CC Outdoor Holdings, Inc. and Broader Media,
LLC (collectively, the Issuers) that commenced on March15, 2017,
to exchange iHeartCommunications outstanding series of Priority
Guarantee Notes and Senior Notes due 2021 (the Existing Notes)
and to amend iHeartCommunications outstanding term loans D and E
(the Existing Term Loans), on April20, 2017, the Issuers
delivered supplements to the offering circular and consent
solicitation statement to holders of Existing Notes and to the
term loan confidential information memorandum to eligible lenders
of Existing Term Loans. The supplements include, among other
information, the financial information set forth in Exhibit 99.1
hereto. The Company is an indirect parent of
iHeartCommunications.
In accordance with General Instruction B.2 of Form 8-K, the
information in this Current Report on Form 8-K, including Exhibit 99.1
hereto, shall not be deemed filed for the purposes of Section18
of the Securities Exchange Act of 1934, as amended (the Exchange
Act), or otherwise subject to the liabilities of that section,
nor shall such information be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended (the
Securities Act) or the Exchange Act, except as shall be expressly
set forth by specific reference in such filing.
Cautionary
Note Regarding Forward-Looking Statements
This Current
Report on Form 8-K, including Exhibit 99.1 hereto, contains
forward-looking statements based on current management
expectations. These forward-looking statements include all
statements other than those made solely with respect to
historical facts. Numerous risks, uncertainties and other factors
may cause actual results to differ materially from those
expressed in any forward-looking statements, including the
factors described under Item 1A. Risk Factors in the Companys
Annual Report on Form 10-K for the year ended December 31, 2016.
Many of the factors that will determine the outcome of the
subject matter of this Current Report on Form 8-K are beyond the
Companys ability to control or predict. The Company undertakes no
obligation to revise or update any forward-looking statements, or
to make any other forward-looking statements, whether as a result
of new information, future events or otherwise.
Item9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
The following
documents are furnished herewith:
|
Exhibit No. |
Description |
|
| 99.1 |
Excerpts from the supplement, dated April20, 2017, to the amended and restated offering circular and consent solicitation statement, dated April 14, 2017, of iHeartCommunications, Inc., iHeartMedia, Inc. and CC Outdoor Holdings, Inc. and the supplement, dated April20, 2017, to the term loan confidential information memorandum, dated March15, 2017, of iHeartCommunications, Inc., iHeartMedia, Inc., CC Outdoor Holdings, Inc. and Broader Media, LLC (incorporated by reference to Exhibit 99.1 of iHeartCommunications, Inc.s Current Report on Form 8-K filed April20, 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 -0.12 at 3.08 with 13,500 shares trading hands.
