secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001193125-24-252612
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000119312524252612/0001193125-24-252612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000119312524252612/d862436d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-252612

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