iHeartMedia Completes Bain Capital Asset Acquisition
Ticker: IHETW · Form: 8-K · Filed: Jun 5, 2024 · CIK: 1400891
| Field | Detail |
|---|---|
| Company | Iheartmedia, Inc. (IHETW) |
| Form Type | 8-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, filing
Related Tickers: IHRT
TL;DR
iHeartMedia just bought stuff from Bain Capital, deal closed June 4th.
AI Summary
On June 5, 2024, iHeartMedia, Inc. filed an 8-K report detailing several key events. The company announced the completion of its previously disclosed acquisition of certain assets from Bain Capital, LP, which closed on June 4, 2024. Additionally, the report includes information regarding the submission of matters to a vote of security holders and financial statements.
Why It Matters
This acquisition signifies a strategic move by iHeartMedia to expand its asset base, potentially impacting its market position and future revenue streams.
Risk Assessment
Risk Level: medium — Acquisitions, especially those involving significant assets, carry inherent integration risks and potential impacts on financial performance.
Key Players & Entities
- iHeartMedia, Inc. (company) — Registrant
- Bain Capital, LP (company) — Seller of acquired assets
- June 5, 2024 (date) — Date of 8-K filing
- June 4, 2024 (date) — Closing date of asset acquisition
FAQ
What specific assets were acquired from Bain Capital, LP?
The filing does not specify the exact nature or value of the assets acquired from Bain Capital, LP, only that the acquisition was completed.
What matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders but does not detail what those specific matters were.
When did the acquisition from Bain Capital, LP officially close?
The acquisition from Bain Capital, LP officially closed on June 4, 2024.
What is the IRS Employer Identification Number for iHeartMedia, Inc.?
The IRS Employer Identification Number for iHeartMedia, Inc. is 26-0241222.
What is the Commission File Number for iHeartMedia, Inc.?
The Commission File Number for iHeartMedia, Inc. is 001-38987.
Filing Stats: 985 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2024-06-05 16:46:31
Key Financial Figures
- $0.001 — which registered Class A Common Stock, $0.001 par value per share IHRT Nasdaq Glo
Filing Documents
- d495279d8k.htm (8-K) — 46KB
- d495279dex31.htm (EX-3.1) — 7KB
- 0001193125-24-155177.txt ( ) — 177KB
- ihrt-20240605.xsd (EX-101.SCH) — 3KB
- ihrt-20240605_lab.xml (EX-101.LAB) — 18KB
- ihrt-20240605_pre.xml (EX-101.PRE) — 11KB
- d495279d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description 3.1 Certificate of Amendment to the Fifth Amended and Restated Certificate of Incorporation of iHeartMedia, Inc., dated June 5, 2024. 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 5, 2024 IHEARTMEDIA, INC. By: /s/ Jordan R. Fasbender Name: Jordan R. Fasbender Title: Executive Vice President, General Counsel and Secretary