Company: IHETW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051036
Chunk: 104

Company: iHeartMedia, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 104
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 2027(1)$100,000 $— Term Loan Facility due 20265,095 5,095 Incremental Term Loan Facility due 20261,500 1,500 Term Loan Facility due 2029(2)2,129,631 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 debt4,094 5,008 Long-term debt fees(7,667)(8,974)Debt Premium(3)254,317 289,752 Total Debt$5,120,334 $5,071,469 Less: Debt Premium254,317 289,752 Less: Cash and cash equivalents192,239 259,580 Net Debt(4)$4,673,778 $4,522,137 

(1)On May 22, 2025, iHeartCommunications borrowed $100.0 million under the ABL Facility, the proceeds of which were recorded as cash on the Balance Sheet as of September 30, 2025. 

(2)Quarterly amortization payments of $5.4 million (equal to 0.25% of the original principal amount) are required per the terms of the Term Loan Facility due 2029.

(3)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 2030 was recorded as debt premium and will be reduced as contractual interest