iHeartMedia reports 92% participation in debt exchange; extends offer and increases consideration

iHeartMedia, Inc.

$4.81B aggregate (92.0%) of Existing Debt tendered as of Nov 29; 99.5% of term loans participated.
Offer extended to 9 a.m. ET on Dec 18; 95% condition removed, replaced with Early Tender/Participation Debt condition.
Base consideration increased by $10 per $1,000 principal for all Eligible Holders; Early Tender Premium unchanged.
Participation by series: 93.8% (2026 secured), 99.1% (2027 secured), 44.3% (2028 secured), 92.1% (2027 unsecured).
New Comprehensive Condition satisfied; company intends to consummate offers subject to other conditions.

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