secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001193125-24-270808
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000119312524270808/0001193125-24-270808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000119312524270808/d857485d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-270808

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