August 18, 2017 6:15 PM ET

Media

Company Overview of iHeartCommunications, Inc.

Company Overview

iHeartCommunications, Inc. operates as a media and entertainment company. The company operates in three segments: iHeartMedia, Americas Outdoor Advertising, and International Outdoor Advertising. The iHeartMedia segment operations include broadcast and digital radio, online and mobile services and products, program syndication, entertainment, traffic and weather data distribution, and music research services. It also operates Premiere Networks, a radio network that produces, distributes, or represents approximately 100 syndicated radio programs and serves approximately 5,900 radio station affiliates. In addition, this segment provides real-time traffic and weather information via navigation ...

200 East Basse Road

Suite 100

San Antonio, TX 78209

United States

Founded in 1972

18,700 Employees

Phone:

210-822-2828

Key Executives for iHeartCommunications, Inc.

Chairman and Chief Executive Officer
Age: 63
President, Chief Financial Officer, Chief Operating Officer and Director
Age: 60
Chief Executive of Clear Channel's Adshel Joint Venture - Australia and New Zealand
Chairman of Clear Channel International and Chief Executive Officer of Clear Channel International
Age: 61
Chief Executive Officer of RCS Worldwide Division and President of RCS Worldwide Division
Compensation as of Fiscal Year 2017.

iHeartCommunications, Inc. Key Developments

iHeartCommunications, Inc. Announces Extension of Private Term Loan Offers

iHeartCommunications, Inc. announced that it is extending the deadline for participation in the private offers to lenders under its Term Loan D and Term Loan E facilities to amend the Existing Term Loans. The Term Loan Offers have been extended to 5:00 p.m., New York City time, on September 8, 2017. iHeartCommunications is extending the Term Loan Offers to continue discussions with lenders regarding the terms of the Term Loan Offers. The terms of the Term Loan Offers have not been amended and remain the same as set out in the Confidential Information Memorandum, dated March 15, 2017, as supplemented by Supplements No. 1 through No. 5 (as so supplemented, the “Confidential Information Memorandum”). The Term Loan Offers, which are only available to holders of Existing Term Loans, are being made pursuant to the Confidential Information Memorandum, and are exempt from registration under the Securities Act of 1933 (the “Securities Act”).

iHeartCommunications, Inc. Announces Extension of Term Loan Offers

On August 3, 2017, iHeartCommunications announced that it has extended the deadline for participation in the previously announced offers (the Term Loan Offers) that were launched on March 15, 2017 to amend its outstanding Term Loan D and Term Loan E borrowings under its senior secured credit facility.

iHeartCommunications, Inc. Announces Extension of Private Term Loan Offers

iHeartCommunications, Inc. announced that it is extending the deadline for participation in the private offers to lenders under its Term Loan D and Term Loan E facilities to amend the Existing Term Loans. The Term Loan Offers have been extended to 5:00 p.m., New York City time, on August 4, 2017. iHeartCommunications is extending the Term Loan Offers to continue discussions with lenders regarding the terms of the Term Loan Offers. The terms of the Term Loan Offers have not been amended and remain the same as set forth in the Confidential Information Memorandum, dated March 15, 2017, as supplemented by Supplements No. 1 through No. 5. The Term Loan Offers, which are only available to holders of Existing Term Loans, are being made pursuant to the Confidential Information Memorandum, and are exempt from registration under the Securities Act of 1933. The new securities (the "New Securities") of iHeartMedia, Inc., CC Outdoor Holdings, Inc., Broader Media, LLC and/or iHeartCommunications being offered in the Term Loan Offers are offered only in reliance on exemptions from registration under the Securities Act. The New Securities have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws. Documents relating to the Term Loan Offers will only be distributed to holders of Existing Term Loans that complete and return a letter of eligibility.

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