Reuters is reporting iHeartMedia has brought in restructuring advisory firm Millstein & Company “to help it evaluate options for its debt, including buying some of it back.” The company previously brought on investment bank Moelis & Co. as a financial adviser. iHeartmedia has $21 billion in debt. iHeart, then Clear Channel, was taken private for $26.7 billion in 2008. iHeartMedia had no comment about the Millstein & Company report in Reuters.
