iHeartCommunications, Inc. Announces Extension of Early Tender Date and Expiration Date for Its Offer to Exchange 10.0% Senior Notes Due 2018
SAN ANTONIO, Texas, January 23, 2017 — iHeartCommunications, Inc. (“iHeartCommunications”) announced today that it has extended the early tender date of its private offer (the “Exchange Offer”) to exchange outstanding 10.0% Senior Notes due 2018 (the “Outstanding Notes”) for newly-issued 11.25% Priority Guarantee Notes due 2021 (the “New Notes”) to a newly extended expiration date of midnight, New York City time, on February 3, 2017 (the “Extended Expiration Date”).
Accordingly, all Outstanding Notes validly tendered on or prior to the Extended Expiration Date will be eligible to receive the early tender consideration of $1,000 principal amount of New Notes for each $1,000 principal amount of Outstanding Notes tendered (such amount, the “Early Tender Consideration”). The “Withdrawal Deadline” of 5:00 p.m., New York City time, on January 4, 2017 has passed and holders may no longer withdraw Outstanding Notes tendered in the Exchange Offer. Holders of Outstanding Notes who previously tendered their Outstanding Notes prior to, or after, the original early tender date do not need to retender such Outstanding Notes or take any other action in response to this announcement in order to receive the Early Tender Consideration.