As the company continues to search for ways to deal with about $20 Billion in debt, an 8K has been filed to amend terms of certain notes with potential exchange offers. The amendment would allow iHeartCommunications to exclude certain noteholders, including those who aren’t institutional accredited investors, from offers to consent, waive or amend note provisions. The company has consistently said it will look at ways to gain more flexibility to strengthen its balance sheet.
