iHeartMedia正在与太平洋投资管理公司领导的债权集团进行谈判-彭博社

Radio-station owner iHeartMedia (NASDAQ:IHRT) has begun confidential discussions with a group of lenders lenders led by Pacific Investment Management Co.

Private talks usually focus on coming up with a debt-restructuring plan that can be shared with a bigger group of debtholders if an agreement can be reached, according to a Bloomberg report on Wednesday, which cited people familiar with the matter.

iHeartMedia (IHRT) had $5.2 billion of long-term debt as of the end of March. Representatives with Pimco, iHeart declined to comment to Bloomberg.

iHeartMedia (IHRT) is set to report Q2 results on Aug. 8.