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iHeartCommunications repays $235 million under ABL credit facility
By Sarah Lizee
Olympia, Wash., July 16 – iHeartMedia, Inc. subsidiary iHeartCommunications, Inc. repaid the entire $235 million outstanding under its asset-based credit agreement with Citibank NA as administrative agent on Thursday, according to an 8-K filing with the Securities and Exchange Commission.
As previously reported, the repayment is in connection with the launch of the company’s $450 million senior secured term loan due 2026 (B1/B+), which closed Thursday.
iHeartCommunications is a San Antonio-based media company.
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