March 5, 2018 / 12:09 PM / 7 months ago

BRIEF-Iheartmedia, Certain Lenders Party On March 4 Entered Forbearance Agreement With Respect To Credit Agreement Dated May 13,2008‍​

March 5 (Reuters) - Iheartcommunications Inc:

* IHEARTMEDIA - ON MARCH 4, IHEARTCOMMUNICATIONS,CERTAIN LENDERS PARTY ENTERED FORBEARANCE AGREEMENT WITH RESPECT TO CREDIT AGREEMENT DATED MAY 13,2008‍​

* IHEARTMEDIA - CONSENTING LENDERS AGREED TO TEMPORARILY FORBEAR FROM ACCELERATING OBLIGATIONS UNDER CREDIT AGREEMENT ON ANY EVENT OF DEFAULT

* IHEARTMEDIA - IHEARTCOMMUNICATIONS TO NOT MAKE PAYMENTS UNDER INDENTURES GOVERNING LEGACY NOTES,14.00 PCT SENIOR NOTES DUE 2021 IN FORBEARANCE PERIOD Source text: [bit.ly/2FS0L8R] Further company coverage:

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