iHeart is the number one audio company in the United States and with its quarter of a billion listeners a month has a greater reach than any other media company in the country. The company’s cross-platform leadership extends from broadcast radio to digital, outdoor, podcasts, mobile, social, live events, on-demand entertainment and analytics and attribution technology for its marketing partners.

In a news release announcing the confirmation, iHeart chairman and CEO Bob Pittman said, “We are delighted to reach this significant milestone in our restructuring process, which will give us a new capital structure that matches the strong operating performance of our business.”

Kirkland partners Jamie Sprayregen, Anup Sathy and Chris Marcus led the iHeart restructuring team, with virtually every department in the Firm playing a critical role.

iHeart Confirms Chapter 11 Plan with Debt Reduction of More Than $10 Billion in Under 12 Months

iHeart Confirms Chapter 11 Plan with Debt Reduction of More Than $10 Billion in Under 12 Months