iHeartMedia, Inc.

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Case overview

Case Number:

4:18-bk-31274

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 08, 2018

    IHeartMedia Can Pay Employee Bonuses, Access $450M DIP

    A Texas bankruptcy judge on Thursday approved iHeartMedia Inc.'s requests to fund its Chapter 11 restructuring with a new $450 million revolving credit facility and pay its non-insider employees an aggregate of up to $66 million in bonuses to encourage peak performance.

  2. May 25, 2018

    US Trustee Seeks More Info On IHeartMedia Worker Bonuses

    A U.S. Trustee on Friday asked a Texas bankruptcy court to deny radio broadcast giant iHeartMedia Inc. permission to file the metrics for its proposed $108 million employee bonus plan under seal, saying stakeholders need to be able to evaluate the plan.

  3. May 23, 2018

    IHeartMedia Gets OK To Secure Citibank Loan, Notes

    A Texas bankruptcy court Tuesday granted bankrupt radio giant iHeartMedia Inc. permission to secure its pre-Chapter 11 debt to priority noteholders and Citibank.

  4. May 18, 2018

    IHeartMedia Seeks OK To Access $450M Ch. 11 Credit Facility

    Bankrupt radio giant iHeartMedia Inc. sought permission Thursday to access a $450 million debtor-in-possession credit facility, with an option to increase the amount by $100 million, to pay back its prebankruptcy asset-based lenders and fund its Chapter 11 case.

  5. May 17, 2018

    Creditors Slam iHeartMedia For Double-Adviser Request

    Creditors of iHeartMedia on Wednesday urged a Texas bankruptcy court to reject the radio broadcast giant's request to retain a pair of financial advisers, saying they duplicate each other's services and their fees may reach an excessive $90 million.

  6. May 09, 2018

    Bankrupt IHeartMedia Seeks OK To Pay $108M In Bonuses

    Radio broadcast giant iHeartMedia Inc. Tuesday asked a Texas bankruptcy court to approve the payment of up to $108 million in bonuses to more than 700 employees, saying the incentive is required for its restructuring to succeed.

  7. May 01, 2018

    IHeartMedia's Reorg Proposal Aims To Cut Debt By $10B

    The proposed Chapter 11 reorganization plan filed in Texas by radio broadcast giant iHeartMedia Inc. and its debtor affiliates aims to reduce the company's balance sheet by more than $10 billion.

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