iHeartCommunications extends private term loan offers.
M2 EQUITYBITES-April 7, 2017-iHeartCommunications extends private term loan offers
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iHeartCommunications, Inc. is extending the private offers to lenders under the company's Term Loan D and Term Loan E facilities to amend the existing term loans, and/or exchange them for new securities of iHeartMedia, Inc. and CC Outdoor Holdings, Inc. and/or iHeartCommunications, the company said.
The term loan offers were previously scheduled to expire on April 7, 2017, at 5:00 p.m., New York City time, and will now expire on April 14, 2017, at 5:00 p.m., New York City time.
iHeartCommunications is extending the term loan offers to give holders additional time to review the recent supplements to the Confidential Information Memorandum referenced below.
iHeartMedia, Inc. (PINK: IHRT), the parent company of iHeartCommunications, Inc., is one of aglobal media and entertainment companies. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners.
The company is dedicated to using the latest technology solutions to transform the company's products and services for the benefit of its consumers, communities, partners and advertisers, and its outdoor business reaches over 35 countries across five continents, connecting people to brands using innovative new technology.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Apr 7, 2017|
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