Net News search results for: cc outdoor holdings
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October 26, 2017
iHeartMedia Makes A New Offer To Lenders, But No Deal Reached
In a filing with the SEC, iHEARTCOMMUNICATIONS, INC. said that it has made a counter proposal to its lenders in another attempt to stave off bankruptcy, but no deal has been reached based on the newly offered terms. The proposal, made OCTOBER 24th, … more »
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October 11, 2017
iHeartMedia Wins Another Round In Stock Transfer/Default Case
iHEARTMEDIA has scored another victory in TEXAS state court in its legal battle to fend off a declaration of default by its lenders, as a state appeals court has upheld the BEXAR COUNTY Court decision ruling that the company's transfer of stock into … more »
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September 18, 2017
iHeartMedia Finds $22.5 Million To Use For Debt Payments
iHEARTMEDIA has made a small move to address the debt that’s coming due this FALL in 2018, and especially in 2019. In a Form 8-K filed with THE SECURITIES AND EXCHANGE COMMISSION, iHEART writes, "On SEPTEMBER 14, 2017, CLEAR CHANNEL OUTDOOR … more »
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August 18, 2017
iHeartMedia Files For Yet Another Exchange Offer Extension As Debtholders Work To Avoid A Bankruptcy
iHEARTMEDIA filed an 8-K Form YESTERDAY (8/17) with THE SECURITIES AND EXCHANGE COMMISSION, once again seeking an extension of the exchange offer to noteholders originally made on WEDNESDAY, MARCH 15th. This is the eleventh proposed extension to deal … more »
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August 3, 2017
iHeartMedia Second Quarter: Media Division Up A Little
iHEARTMEDIA second quarter 2017 net revenue decreased year-to-year by 1.5% overall to $1,590,368,000 but rose 1.7% after considering foreign exchange rates and the impact of removing revenue from outdoor businesses sold. The iHEARTMEDIA division … more »
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July 20, 2017
iHeartCommunications Once Again Extends Deadline For Its Debt Swap Proposals
It is not GROUNDHOG DAY, but iHEARTCOMMUNICATIONS, with its iHEARTMEDIA, INC. and CC OUTDOOR HOLDINGS, INC. subsidiaries is yet again extending the deadline for its latest attempts to swap debt in two exchange offers, giving the company more time to … more »
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July 18, 2017
iHeart Is Offering 'A Potential Global Restructuring Of The Indebtedness Of The Company'
Is iHEARTMEDIA inching closer to a deal with its creditors? We maybe seeing signs, as on a Form 8-K filed with the SECURITIES AND EXCHANGE COMMISSION, the company writes, "iHEARTCOMMUNICATIONS, INC. commenced exchange offers to exchange certain … more »
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May 12, 2017
iHeartMedia Once Again Extends Term Loan Deadlines
Last week (NET NEWS 5/4), ALL ACCESS reported iHEARTMEDIA has reported financial results for the first quarter ended FRIDAY, MARCH 31st, 2017. The company also addressed debt service payments that "continue to incur net losses." "For the … more »
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May 3, 2017
Report: iHeartMedia Is 'Expected To Disclose Insolvency Concerns' Thursday
The SAN ANTONIO EXPRESS reports, "iHEARTMEDIA INC.’s first-quarter earnings report THURSDAY will likely show new cash flow problems and insolvency concerns as the company struggles to restructure its $20.4 billion in debt, analysts said." … more »
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April 27, 2017
iHeartCommunications Tries Another Deadline Extension For Its Debt Swap Proposals
Once again, iHEARTCOMMUNICATIONS, INC., with its iHEARTMEDIA, INC. and CC OUTDOOR HOLDINGS, INC. subsidiaries, is extending the deadline for its latest attempts to swap debt in two exchange offers. The deadline for the two offers, one a proposal to … more »