E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/16/2020 in the Prospect News Bank Loan Daily.

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.


© 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.