iHeartMedia completes $4.8B debt exchange, extends maturities by three years and reduces debt by over $440M

iHeartMedia, Inc.

Approximately $4.8B (92.2%) of existing debt participated in exchange; new notes issued with maturities 2029–2031.
Total debt reduced by over $440M; annual net cash interest payments expected to remain relatively flat.
94.4% of 2026 Secured Notes, 99.1% of 2027 Secured Notes, 92.1% of Unsecured Notes exchanged.
New debt includes 9.125% First Lien 2029, 7.75% First Lien 2030, 7.00% First Lien 2031, and 10.875% Second Lien 2030 notes.
Maturities extended by three years, providing flexibility to execute business strategy.

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