July 21, 2017 5:09 AM 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 Offers to Holders of Its Five Series of Priority Guarantee Notes and its Senior Notes Due 2021 to Exchange Such Notes for New Securities

iHeartCommunications, Inc. announced that it is extending the private offers to holders of certain series of iHeartCommunications’ outstanding debt securities to exchange the Existing Notes for new securities of iHeartMedia, Inc., CC Outdoor Holdings, Inc. and iHeartCommunications, and the related solicitation of consents from holders of Existing Notes to certain amendments to the indentures and security documents governing the Existing Notes. The Exchange Offers and Consent Solicitations were previously scheduled to expire on July 7, 2017, at 5:00 p.m., New York City time, and will now expire on July 21, 2017, at 5:00 p.m., New York City time. The deadline to withdraw tendered Existing Notes in the Exchange Offers and revoke consents in the Consent Solicitations has also been extended to 5:00 p.m., New York City time, on July 21, 2017. iHeartCommunications is extending the Exchange Offers and Consent Solicitations to continue discussions with holders of Existing Notes regarding the terms of the Exchange Offers and to continue discussions with lenders under its Term Loan D and Term Loan E facilities in connection with the concurrent private offers made to such lenders, which iHeartCommunications announced will now expire at 5:00 p.m., New York City time, on July 21, 2017. As of 5:00 p.m., New York City time, on July 5, 2017, an aggregate amount of approximately $45.5 million of Existing Notes, representing approximately 0.6% of outstanding Existing Notes, had been tendered into the Exchange Offers. The terms of the Exchange Offers and Consent Solicitations have not been amended and remain the same as set forth in the Amended and Restated Offering Circular and Consent Solicitation Statement, dated April 14, 2017, as supplemented by Supplement No. 1. The Exchange Offers and Consent Solicitations, which are only available to holders of Existing Notes, are being made pursuant to the Offering Circular, and are exempt from registration under the Securities Act of 1933. The New Securities, including the new debt of iHeartCommunications and related guarantees, will be 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.

iHeartCommunications, Inc. Announces Extension of Private Term Loan Offers

aiHeartCommunications, 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 July 7, 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 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 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.

iHeartCommunications, Inc. Extends Expiration Time and Withdrawal Deadline for the Exchange Offers Launched on March 15, 2017

On June 8, 2017, iHeartCommunications, Inc. announced that it has extended the expiration time and withdrawal deadline in the previously announced exchange offers that were launched on March 15, 2017 to exchange certain series of its outstanding debt securities for new securities of iHeartCommunications, iHeartMedia, Inc. and CC Outdoor Holdings, Inc. and concurrent consent solicitations with respect to the terms of the Existing Notes. On June 8, 2017, iHeartCommunications also announced that it has extended the deadline for participation in the previously announced offers (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.

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