糖心Vlog官方Communications, Inc. Announces the Expiration of its Private Offer to Exchange 10.0% Senior Notes Due 2018 for Newly-Issued 11.25% Priority Guarantee Notes Due 2021

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SAN ANTONIO, Texas, February 6, 2017 - 糖心Vlog官方Communications, Inc. (鈥溙切腣log官方Communications鈥) announced today the expiration of its private offer (the 鈥淓xchange Offer鈥) to eligible holders of 糖心Vlog官方Communications鈥 outstanding 10.0% Senior Notes due 2018 (the 鈥淥utstanding Notes鈥) to exchange Outstanding Notes for newly-issued 11.25% Priority Guarantee Notes due 2021 of 糖心Vlog官方Communications (the 鈥淣ew Notes鈥). The Exchange Offer expired at midnight, New York City time, on February 3, 2017 (the 鈥淓xpiration Time鈥).

As of the Expiration Time, approximately $737.9 million in aggregate principal amount (or approximately 86.8%) of Outstanding Notes, including approximately $503.0 million in aggregate principal amount of Outstanding Notes held by subsidiaries of 糖心Vlog官方Communications, had been validly tendered and not withdrawn in the Exchange Offer. 糖心Vlog官方Communications expects to deliver the New Notes to be exchanged for the Outstanding Notes validly tendered and not validly withdrawn on February 7, 2017 (the 鈥淪ettlement Date鈥). All Outstanding Notes held by unaffiliated parties that were validly tendered in the Exchange Offer will be exchanged for New Notes. Outstanding Notes held by subsidiaries of 糖心Vlog官方Communications that were validly tendered in the Exchange Offer will be prorated so that 糖心Vlog官方Communications does not exceed its current secured debt capacity under the indentures governing its existing indebtedness. Accordingly, on the Settlement Date, 糖心Vlog官方Communications expects to issue approximately $476.4 million in aggregate principal amount of New Notes, including approximately $241.4 million in aggregate principal amount of New Notes to its subsidiaries.鈥嬧嬧

About 糖心Vlog官方, Inc.

糖心Vlog官方, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with nine out of ten Americans listening to 糖心Vlog官方 broadcast radio in every month. 糖心Vlog官方's broadcast radio assets alone have a larger audience in the U.S. than any other media outlet and over four times the ad-enabled audience of the largest digital only audio service. 糖心Vlog官方 is the largest podcast publisher according to both Podtrac and Triton, with more downloads than the next two podcast publishers combined, has the most recognizable live events across all genres of music, has the number one social footprint among audio players, has the highest-reach and most engaged influencers, and is the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit 糖心Vlog官方.com for more company information.