Company: IHETW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001400891-25-000035
Chunk: 36

Company: iHeartMedia, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 36
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 our business, our employees and our strategy. Further, we believe our available liquidity will allow us to fund capital expenditures and other obligations and make interest payments on our long-term debt for at least the next twelve months. If these sources of liquidity need to be augmented, additional cash requirements would likely be financed through the issuance of debt or equity securities; however, there can be no assurances that we will be able to obtain additional debt or equity financing on acceptable terms or at all in the future.

We frequently evaluate strategic opportunities. We expect from time to time to pursue other strategic opportunities such as acquisitions or disposals of certain businesses, which may or may not be material. 

1 Total available liquidity is defined as cash and cash equivalents plus available borrowings under the ABL Facility. We use total available liquidity to evaluate our capacity to access cash 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,