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Term Sheet Provided By Certain Of The Holders To The Company On June 22, 2016

Confidentiality Agreement

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 This Confidentiality Agreement involves

IHEARTCOMMUNICATIONS, INC.

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Title: Term Sheet provided by certain of the Holders to the Company on June 22, 2016
Date: 6/28/2016
Industry: Broadcasting and Cable TV     Sector: Services

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Exhibit 99.1

Confidential Draft – Subject to Substantial Revision

Subject to Bankr. D. Del. L.R. 9019-5, FRE 408, TRE 408,

TCPRC 154.073, and Other Mediation and Settlement Privileges

Subject to First Amendments to Confidentiality Agreements, each Effective as of June 20, 2016

Term Sheet provided by certain of the Holders to the Company on June 22, 2016

Term Loan and PGN Exchange

 

 

 

Existing Term Loans and PGNs (“Senior Debt”) agree to exchange into new term loans and PGNs with the following terms:

 

 

¡  

 

Upon close of Senior Debt exchange the following will be implemented:

 

Threshold    

 

 

●    At least [90]% acceptance

 

Term Loan & PGN    

Amendment    

 

●  Liens:

 

 

 

Company will provide all Senior Debt with lien on Principal Properties

 

 

 

Participating Senior Debt to receive a guarantee from Broader Media and CC Finco (together the “Unrestricted Subs”), which guarantee will be secured by the assets of the Unrestricted Subs with security senior to all other obligations

 

 

 

 

 

Guarantee from the Unrestricted Subs subject to a carve-out for securities offered in a Junior Exchange (described below), which may receive a priming/priority guarantee from the


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