February 1, 2018 / 12:05 PM / 4 months ago

BRIEF-iHeartCommunications Electes Not To Make Interest Payment On Unsecured Notes

Feb 1 (Reuters) - Iheartmedia Inc:

* IHEARTCOMMUNICATIONS, INC. ANNOUNCES THAT IT ELECTED NOT TO MAKE INTEREST PAYMENT ON UNSECURED NOTES AND WILL UTILIZE GRACE PERIOD UNDER INDENTURE

* IHEARTCOMMUNICATIONS- BOARD ELECTED NOT TO MAKE CASH INTEREST PAYMENT OF $106 MILLION, DUE FEB 1, 2018, TO HOLDERS OF 14% SENIOR UNSECURED NOTES DUE 2021

* IHEARTCOMMUNICATIONS-BOARD ELECTED NOT TO MAKE PAYMENT RELATED TO ONGOING EFFORTS TO PROACTIVELY&COMPREHENSIVELY ADDRESS CO’S CAPITAL STRUCTURE Source text for Eikon: Further company coverage:

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