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iHeartMedia Chapter 11 Bankruptcy Report Available

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The largest—by a VERY wide margin—Chapter 11 case thus far in 2018, iHeartMedia initiated its $13 billion U.S. Bankruptcy Court filing with an agreement in principle to “definitively address the more than $20 billion in debt.”

The iHeartMedia Chapter 11 Bankruptcy Report explains, “As the stock will likely become worthless in a bankruptcy, we see no attractive investment opportunity for IHRT shares while the company is in the Chapter 11 process. It is possible that the CCO shares would become worthless. However, New Generation Research estimates that the CCO shares could have an exit value ranging from $3.60/share to $8.00/share (compared to the 3/14/18 price of $4.90).”

Learn more with this free iHeartMedia Chapter 11 Bankruptcy Report.

The post iHeartMedia Chapter 11 Bankruptcy Report Available appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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