secwatch.observer — SEC 8-K summary
======================================

Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001193125-22-155030
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia enters $450M ABL revolving credit facility, maturing May 2027
-------------------------------------------------------------------------

- New $450M senior secured ABL revolver refinances and replaces existing ABL facility.
- No borrowings and $30.4M in letters of credit outstanding at closing on May 17, 2022.
- Interest rates: SOFR + 1.25%-1.75% or base rate + 0.25%-0.75%, depending on availability.
- Facility matures May 17, 2027; commitment fee 0.25%-0.375% on unused portion.
- Existing ABL credit agreement terminated and liens released.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000119312522155030/0001193125-22-155030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000119312522155030/d278847d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-155030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer