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General Category => General Radio Discussion => Topic started by: ChrisSmolinski on February 05, 2016, 0105 UTC

Title: The Largest U.S. Radio Operator Is Saddled With $20 Billion Debt
Post by: ChrisSmolinski on February 05, 2016, 0105 UTC

IHeartMedia Inc., the radio broadcaster struggling under $20.6 billion of debt, is considering a potential bond or equity offering to pay off its most-pressing obligations and buy time to improve earnings, according to a person with direct knowledge of the matter.

http://www.bloomberg.com/news/articles/2016-02-03/iheart-said-to-weigh-bond-exchange-before-wall-of-debt-comes-due?utm_content=buffer8191d&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

Title: Re: The Largest U.S. Radio Operator Is Saddled With $20 Billion Debt
Post by: Njmikec on February 08, 2016, 1630 UTC

Quote from: ChrisSmolinski on February 05, 2016, 0105 UTC

IHeartMedia Inc., the radio broadcaster struggling under $20.6 billion of debt, is considering a potential bond or equity offering to pay off its most-pressing obligations and buy time to improve earnings, according to a person with direct knowledge of the matter.

http://www.bloomberg.com/news/articles/2016-02-03/iheart-said-to-weigh-bond-exchange-before-wall-of-debt-comes-due?utm_content=buffer8191d&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

If they get rid of Howard Stern, 19 Billion of the debt would be erased.