debt
iHeartMedia subsidiary iHeartCommunications pushed back the maturity date of much of its debt by three years and reduced its amount of long-term debt by $440 million. In November, the company’s debt holders were given the opportunity to exchange existing debt for new debt with higher interest — and approximately $4.8 billion, or 92.2%, of them […]
Radio broadcaster Audacy has begun talks with its lenders to restructure the company’s debt as a soft advertising market clouds its long-term outlook. The discussions, first reported by the Wall Street Journal, follow the May 10 statement by chairman/president/CEO David Field during the company’s first quarter earnings call that Audacy was “finalizing its preparation to […]
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