IHeartMedia Can Pay Employee Bonuses, Access $450M DIP
By Alex Wolf ( June 8, 2018, 5:57 PM EDT) -- A Texas bankruptcy judge on Thursday approved iHeartMedia Inc.'s requests to fund its Chapter 11 restructuring with a new $450 million revolving credit facility and pay its non-insider employees an aggregate of up to $66 million in bonuses to encourage peak performance....
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