iHeartMedia enters TSA with ~80% of debt holders to extend maturities by 3 years

iHeartMedia, Inc.

Initial Consenting Holders represent ~80% of Existing Debt, incl. 92% of term loans and 71% of unsecured notes.
Exchange offers extend maturities of existing debt by 3 years; two alternative structures depending on participation.
ABL Amendment increases interest rate by 0.50% (Comprehensive) or 1.00% (Alternative) upon transaction close.
Transaction must close by Dec 31, 2024 unless extended; subject to definitive documentation and conditions.
Simpson Thacher & PJT Partners advise company; Davis Polk & Perella Weinberg advise ad hoc holder group.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.