News Story | Iheartmedia Completes $60m Stock Buyback


2021-10-28 | By newstostory | 27 Hits

iHeartMedia Inc has announced that its subsidiary iHeart Operations Inc has repurchased and cancelled all of its 60000 outstanding shares of Series A Perpetual Preferred Stock utilizing cash on handWe are pleased to have voluntarily repurchased the full balance of our 60 million preferred stock demonstrating our commitment to strengthening our balance sheet and increasing free cash flow while still maintaining ample liquidity said Bob Pittman Chairman and CEO of iHeartMedia Inc Repurchasing early allows us to realize interest savi >>READ MORE

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