The spinoff of Clear Channel Outdoor “is not a part of the iHeart Media Chapter 11 proceedings” (Billboard)
iHeartMedia and some of its subsidiaries filed for Chapter 11 protection last night after reaching a pre-packaged agreement with its principle creditors that will apparently see the company cut its debt in half to $10 billion after a debt-to-equity swap with some debt holders; and the spinoff of Clear Channel Outdoor Holdings, which is not a part of the Chapter 11 proceedings. […]
Thu, Mar 15, 2018 at 3:46 PM