Iheartmedia, inc. announces voluntary repurchase of all series a perpetual preferred stock

New york--(business wire)--iheartmedia, inc. (nasdaq:ihrt) announced today that its subsidiary, iheart operations, inc., repurchased and cancelled all of its 60,000 outstanding shares of series a perpetual preferred stock, utilizing cash on hand. “we are pleased to have voluntarily repurchased the full balance of our $60 million preferred stock, demonstrating our commitment to strengthening our balance sheet and increasing free cash flow, while still maintaining ample liquidity,” said bob pittm
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