iHeartMedia Initiates Debt Exchange and Consent Solicitation-February 2024-www.financetom.com

iHeartMedia Initiates Debt Exchange and Consent Solicitation

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iHeartMedia Initiates Debt Exchange and Consent Solicitation

Nov 18, 2024 4:24 AM

06:55 AM EST, 11/18/2024 (MT Newswires) -- iHeartMedia (IHRT) said Monday it initiated exchange offers for its outstanding 6.375% Senior Secured Notes due 2026, 5.250% Senior Secured Notes due 2027, 4.750% Senior Secured Notes due 2028 and 8.375% Senior Notes due 2027.

The company said it is also soliciting consent to amend certain provisions governing the existing agreements for these debts.

Additionally, the company has started an exchange offer for outstanding term loans and seeks consent to revise provisions in its term loan credit agreements.

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