iHeartMedia Tries Mediation to End Spat with Lenders

Wall Street Journal: iHeartMedia is working to resolve its dispute out of court with lenders that have declared a default on billions of dollars of the company’s debt ahead of a trial on that default, scheduled for next month. The radio giant announced in financial documents that it had begun mediation with certain lenders and bondholders “to try to resolve the dispute and to explore possible alternatives to the terms of the company’s existing senior secured indebtedness.”