iHeartExtensions: More Time Given For Notes Swaps
On Wednesday, March 15, iHeartCommunications engaged in a somewhat complex series of private offers to its bondholders. The over-arching entity for publicly traded iHeartMedia and CC Outdoor Holdings initiated a plan that would effectively see a note swap … and a possible separation of iHeartMedia and CC Outdoor into two fully distinct and independently owned-and-operated companies. Specifically, holders of its “Five Series of
