iHeartMedia Evaluating Potential Paths to Achieve its Listing Following Emergence from Restructuring
iHeartMedia, Inc. (PINK:IHRTQ) (the “Company”) today announced that it is evaluating potential paths to achieve its listing
following emergence from its restructuring process in the second quarter of this year.
As previously announced, pursuant to its Plan of Reorganization iHeartMedia is required to use reasonable best efforts to obtain
listing of the Company’s Class A common stock on a recognized U.S. stock exchange following the completion of its restructuring
process. Potential alternative paths to achieving that objective for the Company’s Class A common stock include a direct listing on
a recognized U.S. stock exchange or an initial public offering. The company is currently in the process of evaluating all such
potential paths.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers,
solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the
Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the
Securities Act.
Forward-Looking Statements
This press release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by
the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate
strictly to historical or current facts. These statements contain words such as “may,” “will,” “expect,” “believe,” “would,”
“estimate,” “continue,” or “future,” or the negative or other variations thereof or comparable terminology. In particular, they
include statements relating to, among other things, the proposed restructuring of iHeartMedia, timing to exit Chapter 11 and future
outcomes. These forward-looking statements are based on current expectations and projections about future events. Investors are
cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties
that cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by
such forward-looking statements.
Wendy Goldberg
EVP and Chief Communications Officer
iHeartMedia, Inc.
(212) 377-1105
WendyGoldberg@iheartmedia.com
Eileen McLaughlin
Vice President Investor Relations
iHeartMedia Inc.
212.377.1116
eileenmclaughlin@iheartmedia.com
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