iHeartCommunications to prepay term loans B, C via new note offering

By Tali Rackner

Norfolk, Va., Feb. 19 – iHeartCommunications, Inc. plans to prepay about $532.7 million of the loans outstanding under its term loan B facility and roughly $8.8 million of the loans outstanding under its term loan C asset sale facility with the proceeds from a new private note offering, according to a press release.

Proceeds will also be used to pay accrued interest on the loans and to pay fees and expenses related to the offering and the prepayment.

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

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