Brief: Iheartmedia - On Feb 12, Announced That Acquisition Of Broadcast Music To Shareholder Group Led By New Mountain Capital Has Closed

iHeartMedia

12/02/2024 22:47

Feb 12 (Reuters) - iHeartMedia Inc  IHRT.O :
    * IHEARTMEDIA- ON FEB 12, ANNOUNCED THAT ACQUISITION OF
BROADCAST
MUSIC INC TO SHAREHOLDER GROUP LED BY NEW MOUNTAIN CAPITAL, LLC
HAS CLOSED
    * IHEARTMEDIA INC - COMPANY HAS RECEIVED $101.4 MILLION OF
PROCEEDS RELATED TO ITS EQUITY INTEREST IN BMI
    * IHEARTMEDIA INC - PLANS TO USE PROCEEDS FOR GENERAL
CORPORATE
PURPOSES, WHICH MAY INCLUDE REPAYMENT OF DEBT

Source text for Eikon:  ID:n0001400891-24-000003 
Further company coverage:  IHRT.O 

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