PIMCO Forms Separate iHeart Creditor Group, Hires Davis Polk
Portfolio Pulse from Benzinga Newsdesk
PIMCO has formed a separate creditor group for iHeartMedia and hired the law firm Davis Polk to assist in the process.
June 07, 2024 | 2:25 pm
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POSITIVE IMPACT
PIMCO has formed a separate creditor group for iHeartMedia and hired Davis Polk to assist in the process. This could influence iHeartMedia's financial restructuring efforts.
The formation of a separate creditor group by PIMCO and the hiring of Davis Polk indicates a significant move in iHeartMedia's financial restructuring. This could lead to more favorable terms for iHeartMedia, potentially improving its financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100