Net News search results for: cc outdoor holdings
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April 24, 2017
'iHeartRadio Parent Warns It May Not Survive Another Year' As Statement Draws Reaction
Last THURSDAY (NET NEWS 4/20), ALL ACCESS broke the news that as part of an SEC filing of supplements to its debt swap proposals, iHEARTMEDIA released a preliminary first-quarter earnings report that shows consolidated revenue off 2.4% to $1.329 billion … more »
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April 20, 2017
iHeartMedia Offers Preliminary First-Quarter Financial Results, Update on Debt Woes
As part of an SEC filing of supplements to its debt swap proposals, iHEARTMEDIA released a preliminary first-quarter earnings report that shows consolidated revenue off 2.4% to $1.329 billion and consolidated operating income dropping 72.9% to $114 … more »
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April 13, 2017
iHeartCommunications Tries Again With Another Deadline Extension, Amendments To Debt Swap Proposals
The original version didn't get a very positive response from lenders, so iHEARTCOMMUNICATIONS, INC., with its iHEARTMEDIA, INC. and CC OUTDOOR HOLDINGS, INC. subsidiaries, are amending the terms and again extending the deadline for one of its latest … more »
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April 7, 2017
No Takers Yet, So iHeartMedia Extends Exchange Offer Deadlines
iHEARTCOMMUNICATIONS, INC., iHEARTMEDIA, INC., and CC OUTDOOR HOLDINGS, INC. have extended the deadlines for its latest attempts to swap debt in two exchange offers. The expiration of the offers, originally set for FRIDAY, APRIL 14th, is now set at … more »
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March 17, 2017
iHeartMedia Stock Spikes 43%
While iHEARTMEDIA is a privately held company, with BAIN CAPITAL and THOMAS H. LEE PARTNERS having bought what was CLEAR CHANNEL in 2008, there's still some stock that trades over the counter as "IHRT." That stock seemed to react positively … more »
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March 16, 2017
Moody's Says iHeart's Proposed Restructuring Of Its Debt Would Be Considered 'A Continuation Of Its Distressed Exchange'
YESTERDAY (3/15), ALL ACCESS reported iHEARTCOMMUNICATIONS, INC. is taking another whack at refinancing with two sets of new private offers to swap existing debt for new loans and securities (NET NEWS 3/15). MOODY'S says iHEARTCOMMUNICATIONS' … more »
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March 15, 2017
iHeartCommunications Proposes Two More Debt Swaps
iHEARTCOMMUNICATIONS, INC. is taking another whack at refinancing with two sets of new private offers to swap existing debt for new loans and securities. In one proposal, the company is offering lenders under the Company’s Term Loan D and Term Loan … more »
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February 13, 2017
iHeartMedia Grants Clear Channel Outdoor Option To Buy Clear Channel Trademark
iHEARTMEDIA, INC. has granted subsidiary CLEAR CHANNEL OUTDOOR HOLDINGS, INC. a letter of intent and binding option to purchase the "CLEAR CHANNEL" name and trademarks. The timing is tied to a special cash dividend in the aggregate amount of … more »
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December 13, 2016
iHeartMedia Decides Not To Repay Its 5.50% Senior Notes Due December 15th, 2016
iHEARTMEDIA, INC. has decided to not repay the $57.1 million of the 5.50% Senior Notes due THURSDAY, DECEMBER 15th, 2016 (“2016 Legacy Notes”) held by affiliate CLEAR CHANNEL HOLDINGS, INC. ("CCH") when the notes mature on that day. … more »
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November 28, 2016
Judge Dismisses Shareholder Suit Against iHeartMedia
Investor MARIO GABELLI's suit against iHEARTMEDIA, INC. in DELAWARE Chancery Court alleging that the sale of assets and diversion of funds from CLEAR CHANNEL OUTDOOR to a separate subsidiary violated the company's fiduciary duty to shareholders … more »