iHeart Communications, Inc.

Event Publicly Available Information:

Please see memorandum here.


Auction Timeline	Common Event Determination Date: Tuesday, December 20, 2016 Auction Date: Thursday, February 2, 2017 Auction Settlement Date: Tuesday, February 7, 2017

Deliverable Obligations	Final List Submission of Potential Deliverable Obligations and Challenges

Auction Settlement Terms	Final Auction Settlement Terms for iHeart Communications, Inc. Blackline against Peabody Energy Corporation

List of Participating Bidders:	List of Participating Bidders

Upcoming DC Meetings
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Additional Information

Issue Number:

2016121601

Submitted by:

General Interest Question

Category:

Credit Event

Coverage Election:

2014 Definitions

Status:

Closed

Outcome:

Question Decided
Procedural History
- Closed
  
  4/04/2017 05:00pm EDT
- List of Participating Bidders Published
  
  List of Participating Bidders
  1/31/2017 05:15pm EST
- Final Auction Terms Published
  
  Final Auction Settlement Terms for iHeart Communications, Inc.
  1/24/2017 05:30pm EST
- Final List Published
  
  Final List
  1/23/2017 05:15pm EST
- Supplemental List Published
  
  SupplementalList012017
  1/20/2017 05:05pm EST
- Initial List Published
  
  DCDecision 01.18.17
  1/18/2017 12:15pm EST
- Auction Information Published
  
  DC Decision 01102017
  DC Statement 01062017
  1/10/2017 05:35pm EST
- Ongoing
  
  January 9, 2017: The Americas DC met to continue discussions on the iHeart Communications, Inc. CDS Auction. The DC agreed to reconvene on Tuesday, January 10, 2017, to continue discussions.
  1/09/2017 04:10pm EST
- Ongoing
  
  January 6, 2017: The Americas DC met to continue discussions on the iHeart Communications, Inc. CDS Auction. The DC agreed to reconvene on Monday, January 9, 2017, to continue discussions.
  1/06/2017 04:25pm EST
- Ongoing
  
  DCDecision01062017
  January 6, 2017: The Global Dealer Voting Members and Regional Dealer Voting Members resolved that the date of the Auction will be February 2, 2017. A statement detailing the decision will be published shortly.
  1/06/2017 12:10pm EST
- Ongoing
  
  January 4, 2017: The Americas DC met to continue discussions on the iHeart Communications, Inc. CDS Auction, including the Auction Date issues raised under DC issue numbers: 2017010301, 2017010401 and 2016123001. The DC agreed to reconvene on Friday, January 6, 2017, to continue discussions.
  1/04/2017 05:05pm EST
- Ongoing
  
  DCDecision12272016
  DC12212016MeetingStatement
  12/27/2016 05:05pm EST
- Ongoing
  
  December 23, 2016: The DC has heard concerns about a substantial coupon payment due by February 1, 2017 and as a result market participants have raised concerns about the impact on the Auction if settlement of Representative Auction-Settled Transactions were to occur prior to this date. The DC therefore anticipates holding the Auction on or after February 1, 2017, consistent with the provisions of Section 3.2(d) of the DC Rules to avoid prejudice to buyers or sellers compared to Physical Settlement.
  12/23/2016 01:55pm EST
- Ongoing
  
  DCDecision12232016
  December 23, 2016: The Americas DC met to continue discussions on the iHeartCommunications, Inc. CDS Auction. The DC agreed that the Failure to Pay Credit Event had also occurred under the 2003 ISDA Credit Derivatives Definitions.
  12/23/2016 01:55pm EST
- Ongoing
  
  DC Decision 12222016
  December 22, 2016: The Americas DC met to continue discussions on the iHeart Communications, Inc. CDS Auction. The DC agreed to reconvene on December 23, 2016 and January 4, 2017 to continue discussions.
  12/22/2016 04:25pm EST
- Ongoing
  
  December 21, 2016: The Americas DC resolved that a Failure to Pay Credit Event had occurred on December 20, 2016 with respect to iHeartCommunications, Inc. The DC agreed to reconvene on Thursday, December 22, 2016, to discuss auction details. The DC will release a more detailed statement regarding the decision shortly.
  12/21/2016 04:10pm EST
- Ongoing
  
  DCDecision12212016
  12/21/2016 12:20pm EST
- Request Accepted by DC
  
  12/19/2016 04:10pm EST
- Pending DC Consent
  
  12/16/2016 12:35pm EST