May 28, 2018 12:29 AM ET

Media

Company Overview of Capstar TX Limited Partnership

Company Overview

Capstar TX Limited Partnership owns and operates radio broadcasting stations. The company was incorporated in 1997 and is based in San Antonio, Texas. Capstar TX Limited Partnership operates as a subsidiary of Clear Channel Communications, Inc. On March 14, Capstar TX Limited Partnership, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Texas. It is in joint administration with iHeartMedia, Inc.

200 East Basse Road

San Antonio, TX 78209

United States

Founded in 1997

Phone:

210-822-2828

Key Executives for Capstar TX Limited Partnership

Capstar TX Limited Partnership does not have any Key Executives recorded.

Capstar TX Limited Partnership Key Developments

Joint Plan of Reorganization Plan and Disclosure Statement Filed by iHeartMedia, Inc.

iHeartMedia, Inc., along with its affiliates, filed a joint plan of reorganization with the related disclosure statement in the US Bankruptcy Court on April 28, 2018. As per the plan filed, administrative claims, professional fee claims, priority tax claims, priority non-tax claim and DIP claims paid full in cash. Secured tax claims and other secured claims paid full in cash. ABL credit agreement claims shall receive payment full in cash or reinstatement of the claim. Term loan / 2019 PGN claim shall receive it’s pro rata share of either in The Term Loan / PGNs Collective Distribution or if the FCC Trust is utilized, the Term Loan / PGNs Collective Non- Equity Distribution and 91.79 percent of the beneficial interests in the FCC Trust or Term Loan / 2019 PGN Claim that is an Intercompany Notes Claim will be cancelled without any distribution. Non-9.0% PGN Due 2019 claim shall receive it’s pro rata share of the Term Loan / PGNs Collective Distribution or 91.79 percent of the beneficial interests in the FCC Trust or Non-9.0% PGN Due 2019 claim that is an Intercompany Notes Claim will be cancelled without any distribution, CCOH Due From claims shall be paid in cash. Unsecured debt claims of $2,951 million shall receive its pro rata share of $200 million of recovery in new secured debt or either the Unsecured Debt Equity Distribution if the FCC Trust is utilized, 5.0 percent of the beneficial interests. iHC Unsecured Claim. General unsecured claim against the non-obligor debtors will receive payment in full in cash. iHC unsecured claim shall receive its pro rata share of the iHC unsecured claim distribution, each holder of an iHC unsecured claim that has a term loan credit agreement claim, a PGN claim, or intercompany notes claim will not receive any share of the iHC unsecured claim distribution. iHeart Interests shall receive its share either in the iHeart interests equity distribution or if the FCC trust is utilized, 1 percent of the beneficial interests in the FCC trust and such distribution shall be made in accordance with the term of the documents providing for corporate governance of iHeart. Section 510(b) claims shall be cancelled and will not receive any distribution. Intercompany Claims and Intercompany Interests shall be reinstated or cancelled without any distribution on account of such intercompany interest. The plan shall be funded through cash, assets sale, New Secured Debt, New ABL Credit Agreement, New iHeart Common Stock and CCOH Interests.

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