I Play Chicken With The Train: iHeartCommunications has again extended private term loan offers in an ongoing series of moves aimed at managing its prodigious debt. The offers were initiated March 15 and extended April 13. The latest extension moves the deadline to May 12, giving the company more time to "continue discussions with lenders." The extension follows last week's preliminary Q1 forecast (CAT 4/21) that included the ominous phrase "substantial doubt about our ability to continue as a going concern." Some analysts have suggested the language was intended to pressure lenders into accepting the company's terms. More about today's extension here.