UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 29, 2016
IHEARTCOMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Texas | 001-09645 | 74-1787539 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
200 East Basse Road, Suite 100
San Antonio, Texas 78209
(Address of principal executive offices)
Registrants telephone number, including area code: (210) 822-2828
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On November 29, 2016, iHeartCommunications, Inc. (the Company) issued a press release clarifying the purpose of the Companys previously announced consent solicitations with respect to a proposed amendment to the indentures governing its five series of priority guarantee notes and senior notes due 2021, which launched on November 28, 2016. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following documents are filed herewith:
Exhibit No. |
Description | |
99.1 | Press Release of iHeartCommunications, Inc., dated November 29, 2016. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IHEARTCOMMUNICATIONS, INC. | ||||
Date: November 29, 2016 | By: | /s/ Lauren E. Dean | ||
Lauren E. Dean | ||||
Vice President, Associate General Counsel and Assistant Secretary |
EXHIBIT INDEX
Exhibit Number |
Description | |
99.1 | Press Release of iHeartCommunications, Inc., dated November 29, 2016. |
Exhibit 99.1
FOR IMMEDIATE RELEASE | PRESS RELEASE |
IHEARTCOMMUNICATIONS, INC. CLARIFIES PURPOSE OF
CONSENT SOLICITATIONS TO HOLDERS OF ITS FIVE SERIES OF PRIORITY
GUARANTEE NOTES AND SENIOR NOTES DUE 2021
San Antonio, TX, November 29, 2016 iHeartCommunications, Inc. (the Company) today clarified the purpose of the six separate consent solicitations (the Consent Solicitations) with respect to a proposed amendment (the Proposed Amendment) to the indentures (the Indentures) governing its five series of priority guarantee notes and senior notes due 2021 (collectively, the Notes) that were launched on Monday, November 28, 2016.
The Proposed Amendment would amend each of the Indentures to allow the Company to conduct future exchange offers involving a consent or amendment to the relevant Indenture without registering them under the United States Securities Act of 1933, as amended, or the registration requirements of any other jurisdiction. This would provide the Company with the flexibility to make exchange offers to all holders of Notes that are either institutional accredited investors or non-U.S. persons (as defined in Regulation S under the Securities Act) in offshore transactions without having to incur the delay and expense associated with registering the debt or equity securities offered in such exchange offers with the Securities and Exchange Commission. If the Proposed Amendment is adopted, the Company would not be able to, nor does the Company seek to, exclude either institutional accredited investors or non-U.S. persons in offshore transactions from such exchange offers, so long as the Company would not need to register the exchange offers if made to such holders.
Each Consent Solicitation will expire at 5:00 p.m., New York City time, on December 7, 2016, unless extended or earlier terminated (the Expiration Time). Consents with respect to the applicable series of Notes may not be revoked after the Expiration Time.
The complete terms and conditions of each Consent Solicitation are set forth in Consent Solicitation Statements dated November 28, 2016 that were sent to holders of the Notes on such date. The terms and conditions of the Consent Solicitations have not been modified or otherwise amended from the original terms and conditions announced on November 28, 2016.
Moelis & Company LLC is acting as the solicitation agent for the Consent Solicitations. Global Bondholder Services Corporation is acting as the tabulation agent and information agent for the Consent Solicitations. Questions regarding the Consent Solicitations may be directed to Moelis & Company LLC at (877) 751-3389. Requests for Consent Solicitation Statements may be directed to Global Bondholder Services Corporation at (212) 430-3774 (for bankers and brokers) or (866) 470-3900 (for all others).
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
About iHeartMedia, Inc./iHeartCommunications, Inc.
iHeartMedia, Inc. (PINK: IHRT), the parent company of iHeartCommunications, Inc., is one of the leading global media and entertainment companies. The company specializes in radio, digital, outdoor, mobile, social, live events, on-demand entertainment and information services for local communities, and uses its unparalleled national reach to target both nationally and locally on behalf of its advertising partners. The company is dedicated to using the latest technology solutions to transform the companys products and services for the benefit of its consumers, communities, partners and advertisers, and its outdoor business reaches over 35 countries across five continents, connecting people to brands using innovative new technology.
Media:
Wendy Goldberg
Executive Vice President - Communications
(212) 377-1105
Investors:
Eileen McLaughlin
Vice President - Investor Relations
(212) 377-1116