trending Market Intelligence /marketintelligence/en/news-insights/trending/GDpoSPdRvW5mcF5nRyqYdg2 content esgSubNav
In This List

IHeartMedia unit seeks consent to increase amount of debt under credit facilities

Case Study

Supporting the Strategic Overhaul of a Large Corporation’s Credit Risk System

PODCAST

Episode 18: Data that Delivers

PODCAST

Episode 19: Network Transformation

Blog

NOS Portugal, Telenet Belgium lead way on 3-, 4-play bundle take-up in Western Europe


IHeartMedia unit seeks consent to increase amount of debt under credit facilities

IHeartMediaInc. unit iHeartCommunications Inc. is seeking the consent ofholders of its outstanding senior notes due 2021 for a proposed amendment tothe indenture governing the notes.

The proposed amendment, if adopted, would increase theamount of debt under credit facilities by $500 million to about $17.27 billion,the company said Sept. 27.

The consent solicitation is scheduled to expire Oct. 3, unlessextended or earlier terminated. Holders of notes as of 5 p.m. ET on Sept. 26,who validly deliver their consents before the expiration time will receivetheir portion of an aggregate cash payment of $8.6 million.

Moelis & Co. LLC is acting as the solicitation agent forthe consent solicitation, while Global Bondholder Services Corp. is acting asthe tabulation agent and information agent.