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iHeartMedia Cites 'Significant Gap' In Talks With Creditors, Report Says Talks May End
iHeartMedia Cites 'Significant Gap' In Talks With Creditors, Report Says Talks May End
BLOOMBERG is reporting that iHEARTMEDIA, INC. may end talks with its creditors on restructuring its debt, with the company citing a "significant gap between the proposals” from itself and the investors in a filing with the SEC. In the filing, iHEARTMEDIA said that it had made a proposal for an amendment to the company's credit agreement and, through a series of exchange offers, priority guarantee note indentures on JUNE 15th, with a counterproposal issued by the creditors on ...
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