iHeartMedia Enters into Transaction Support Agreement to Strengthen Balance Sheet
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iHeartMedia, Inc. has entered into a Transaction Support Agreement with certain lenders and holders to strengthen its balance sheet. This move involves iHeartCommunications' outstanding notes and term loans.

November 07, 2024 | 12:45 pm
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iHeartMedia has entered into a Transaction Support Agreement to improve its financial position by addressing iHeartCommunications' outstanding notes and term loans.
The Transaction Support Agreement is a strategic move to address financial obligations, which is likely to be viewed positively by investors as it aims to strengthen the company's balance sheet. This could lead to a short-term positive impact on the stock price.
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