iHeartCommunication releases early tender results

iHeartCommunications, Inc. has released the early tender results of its private exchange offer to holders of iHeartCommunications´ outstanding 10.0% Senior Notes due 2018 to exchange outstanding notes for newly issued 11.25% priority guarantee notes due 2021, the company said.

As of the previously announced early tender date of 5:00 p.m., New York City time, on January 4, 2017 (the “Early Tender Date”), approximately USD597.5m in aggregate principal amount (or approximately 70.3 percent) of the outstanding notes, including approximately usd503m aggregate principal amount of outstanding notes held by subsidiaries of iHeartCommunications, had been validly tendered and not withdrawn.

Eligible holders who have not already tendered their outstanding notes may continue to do so at any time prior to midnight, New York City time, on January 19, 2017 (the “Expiration Date”), unless extended by iHeartCommunications.

iHeartMedia, Inc. (PINK: IHRT), the parent company of iHeartCommunications, Inc., is a global media and entertainment company, specialising in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners.