iHeart Takes Stock Of Its Situation

• iHeartMedia, Inc. on Friday announced that it is evaluating potential paths to achieve its listing following emergence from its restructuring process in the second quarter of this year.

As previously announced, pursuant to its Plan of Reorganization iHeartMedia is required to use reasonable best efforts to obtain listing of the Company’s Class A common stock on a recognized U.S. stock exchange following the completion of its restructuring process.

Potential alternative paths to achieving that objective for the Company’s Class A common stock include a direct listing on a recognized U.S. stock exchange or an initial public offering (IPO).

The company is currently in the process of evaluating all such potential paths. Stay tuned!