Company: IHETW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001400891-25-000035
Chunk: 94

Company: iHeartMedia, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 2
Chunk 94
---
 to meet obligations and fund operations. 

27

Summary Debt Capital Structure

As of March 31, 2025 and December 31, 2024, we had the following debt outstanding, net of cash and cash equivalents:

(In thousands)March 31, 2025December 31, 2024Asset-based Revolving Credit Facility due 2027$— $— Term Loan Facility due 20265,095 5,095 Incremental Term Loan Facility due 20261,500 1,500 Term Loan Facility due 2029(1)2,140,360 2,145,724 6.375% Senior Notes due 202644,644 44,644 5.25% Senior Notes due 20276,983 6,983 8.375% Senior Unsecured Notes due 202772,388 72,388 4.75% Senior Secured Notes due 2028276,868 276,868 9.125% First Lien Notes due 2029717,588 717,588 7.75% First Lien Notes due 2030661,285 661,285 7.00% First Lien Notes due 2031178,443 178,443 10.875% Second Lien Notes due 2030675,165 675,165 Other subsidiary debt4,696 5,008 Long-term debt fees(8,544)(8,974)Debt Premium(2)278,106 289,752 Total Debt$5,054,577 $5,071,469 Less: Debt Premium278,106 289,752 Less: Cash and cash equivalents167,714 259,580 Net Debt(3)$4,608,757 $4,522,137 

(1)Decrease is due to the quarterly amortization payment of $5.4 million equal to 0.25% of the original principal amount of the Term Loan Facility due 2029.

(2)The difference between the carrying value of the exchanged 5.25% Senior Notes, 4.75% Senior Secured Notes, and 8.375% Senior Unsecured Notes and the principal amount of the 7.75% First Lien Notes due 2030, 7.00% First Lien Notes due 2031 and the 10.875% Second Lien Notes due 203