UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
On December 4, 2024, iHeartMedia, Inc. (the “Company”) issued a press release announcing that as of 5:00 p.m., New York City time, on November 29, 2024, $4,813,586,623 aggregate principal amount (92.0%) of the Existing Debt (as defined below) had been validly tendered and/or had agreed to participate in the previously announced exchange offers and consent solicitations relating to the Existing Debt consisting of the following: $750,585,122 aggregate principal amount (93.8%) of iHeartCommunications, Inc.’s (“Communications”) outstanding 6.375% Senior Secured Notes due 2026, $743,023,000 aggregate principal amount (99.1%) of Communications’ outstanding 5.25% Senior Secured Notes due 2027, $221,587,000 aggregate principal amount (44.3%) of Communications’ outstanding 4.75% Senior Secured Notes due 2028, $843,734,539 aggregate principal amount (92.1%) of Communications’ outstanding 8.375% Senior Notes due 2027 and $2,254,656,962 aggregate principal amount (99.5%) of Communications’ outstanding term loans (such series of notes and term loans, collectively, the “Existing Debt”).
In addition, the Company announced certain amendments to the exchange offers and consent solicitations for the Existing Debt, including extending the expiration time to 9:00 a.m., New York City time, on December 18, 2024, unless further extended by Communications, IH Media + Entertainment I, LLC and IH Media + Entertainment II, LLC, in their sole discretion.
A copy of the press release is attached hereto as Exhibit 99.1 and the information contained therein is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press Release, dated December 4, 2024. | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IHEARTMEDIA, INC. | ||
| By: | /s/ Scott D. Hamilton | |
| Name: Scott D. Hamilton | ||
| Title: Senior Vice President, Chief Accounting Officer and Assistant Secretary | ||
Date: December 4, 2024