According to the San Antonio Express-News, the deadline, scheduled to expire Friday, was extended to 4 p.m. June 23. Terms of the debt-exchange offer were not changed in the deadline extension Thursday.
The company has been conducting negotiations with its large lenders and bondholders since the offer was first issued on March 15.
The radio and billboard giant is trying to refinance about $8.3 billion in bonds and about $6 billion in loans. The debt-exchange terms call for various discounts on the debt and pushes out maturities by two years.
The company has $316.5 million in debt maturing this year, $324.2 million in 2018 and $8.4 billion in 2019. The company had $365 million in cash as of March 31.
iHeart warned in April that it might not last until February as a “going concern.”
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