Most Wall Street money people believe bankruptcy is a real possibility for iHeartMedia and under one set of circumstances an instant trip to bankruptcy court.
There are ways to a postpone bankruptcy but few lenders believe it can be avoided.
Here’s what my sources on Wall Street – the people who propped Clear Channel and iHeart up in the first place – think will be the progression to eventual bankruptcy and beyond.
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- iHeart can manage the timing of their road to bankruptcy UNLESS this one thing happens – and then they’re done. That’s not me saying it. It’s the lenders.
- The biggest fear lenders have about iHeart – nothing worries them like this – not even high interest rates.
- How long iHeart can last before they hit the wall – months, years?
- They’re selling off all their assets right now, but where do the proceeds go?
- What really foiled the sale of their European outdoor division – dead or alive?
- The bankruptcy timeline: when it starts, how it progresses, what emerges in the end.
- Sit down for this one – who Wall Street lenders say could wind up running the new iHeartMedia after bankruptcy.
- The end game for Lee & Bain – how they come out of this unscathed.
The answers start here.
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