Clear Channel Outdoor may be spun off iHeartMedia in potential debt settlement (Billboard)
The pre-packaged agreement on file with the SEC calls for Clear Channel Outdoor Holdings, iHeart's billboard advertising operation, to be spun off from the company, with the holders of the term loan credit facility claims and the priority guaranteed notes maturing in 2023 to become the holders of the economic interest in the Outdoor operation. […]
Mon, Mar 12, 2018 at 5:26 AM