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Potential iHeartMedia Bankruptcy Terms

iHeartMedia has proposed terms for a potential pre-arranged bankruptcy as detailed in a recent filing with the SEC. Provisions include $5.5 billion in new debt for a recapitalized iHeart to mature within five to seven years. Equity considerations are listed at 89.5% of the recapitalized company and 100% of iHeart's ownership of its outdoor business. Read more here. A recent report in The Wall Street Journal suggested the company could file for bankruptcy as early as March.