iHeartCommunications will prepay term loan B, C with new notes offering

By Tali Rackner

Norfolk, Va., Sept. 22 – iHeartCommunications, Inc. plans to prepay at par $243.5 million aggregate amount of its term loan B facility and $4 million aggregate amount of its term loan C – asset sale facility with the proceeds from a new notes offering, according to a press release.

Proceeds will also be used to pay accrued interest with regard to such loans to, but not including, the date of prepayment.

iHeartCommunications, Inc. is a media and entertainment company based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.