Update on iHeart Media, CCO Parent Company

Billboard Insider reported on April 24th of Clear Channel Outdoor’s parent company, iHeart Media and their current effort at restructuring their $20 billion in debt and extension of the offer until today, March 28th.

Yesterday, the company extended for the third time the deadline to its lenders and bondholders for its debt-exchange offer after less than 1 percent of bonds have been tendered so far. The company said it was extending the deadlines for both parts of the debt-exchange offer “to continue discussions” with the lenders and bondholders.

The new deadlines were not accompanied by changes in terms in the debt exchange.

You can read more at mySA.

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