Iheartmedia enters into transaction support agreement to strengthen balance sheet

New york--(business wire)--iheartmedia, inc. (nasdaq: ihrt) (“iheartmedia” or the “company”) today announced that it and certain of its subsidiaries (collectively with the company, the “iheartmedia parties”) have entered into a transaction support agreement (the “tsa”) with certain lenders and holders (or their managers, advisors or sub-advisors) (collectively, the “initial supporting holders”) of iheartcommunications, inc.'s (“iheartcommunications”) outstanding notes and term loans. the initia.
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