The following excerpt is from the company's SEC filing.
March 14, 2018
Chapter 11 Post-Confirmation Report
for Period Ending: September 30, 2019
Quarterly or Final
Summary of Disbursements*:
A. Disbursements made under the plan (itemize on page 3)
B. Disbursements not under the plan
C. Total Disbursements
* All disbursements made by the reorganized Debtor, under the plan or otherwise, must be accounted for and reported herein for the purpose of calculating the quarterly Fees.< br>
Has the order confirming plan become final? Yes
Are Plan payments being made as required under the Plan? Yes
If No, what Plan payments have not been made and why?
If plan payments have not yet begun, when will the first plan payment be made?
What date did the reorganized debtor or successor of the debtor under the plan assume the business or management of the property under the plan? 5/1/2019
Please describe any factors which may materially affect your ability to obtain a final decree at this time.
Complete the form for Plan Disbursements attached.
Consummation of Plan:
a. If this is a final report, has an application for Final Decree been submitted?
Yes Date application was submitted
No Date application will be submitted Estimated Q1 2020
I CERTIFY UNDER PENALTY OF PERJURY THAT THE ABOVE INFORMATION IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE.
/s/ Scott D. Hamilton
Cash disbursements may vary from plan disbursement total as some payments are booked to legal entities no longer subject to court reporting requirements. This excludes $0.9mm of plan disbursements paid by iHeartMedia, Inc., iHeartCommunications, Inc., and Katz Media Group, Inc.
On 6/21/19, the bankruptcy court entered final decrees for all chapter 11 cases other than iHeartMedia Inc., iHeartCommunications, Inc., and Katz Media Group, Inc., and all such cases were closed effective as of that date.
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
Cash Receipts and Disbursements for the Period Ending September 30, 2019
Book Cash Receipts and Disbursements (USD $ millions)
Net Operating Receipts
Total Operating Disbursements
Operating Cash Flow
Cash Flow Before Intercompany
Intercompany Transfer from / (to)
Cash Flow Before Restructuring Activity
Total Cash Flow
Includes cash activity for all Debtors throughout the period
Includes cash activity for remaining three Debtors: iHeartMedia Inc., iHeartCommunications, Inc., and Katz Media Group, Inc.
Q3 2019 includes cash payments related to debt refinancing transaction costs
Cash disbursements may vary from plan disbursement total as some payments are booked to legal entities no longer subject to court reporting requirements
Page 2 of 31
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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