---
schema_version: "secwatch.filing_event.v1"
accession: "0001400891-21-000034"
form_type: "8-K"
ticker: "IHRT"
cik: "0001400891"
company_name: "iHeartMedia, Inc."
filed_at: "2021-07-19T23:59:59+00:00"
generated_at: "2026-06-30T04:26:18.121662+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# iHeartMedia reprices term loans, cuts rate 75 bps; prepays $250M, saves ~$13M/yr

## Summary
- Reduces LIBOR margin on Second Amendment Incremental Term Loans from 4.00% to 3.25%.
- Lowers LIBOR floor to 0.50% from 0.75%; Base Rate floor to 1.50% from 1.75%.
- Prepaid $250M of term loans with cash on hand, reducing annual interest by ~$13M.
- New 6-month soft call protection on second amendment term loans from July 16, 2021.
- Amendment consented by Required Lenders; non-consenting lenders assigned at par.

## SEC filing metadata
- accession: 0001400891-21-000034
- form_type: 8-K
- ticker: IHRT
- cik: 0001400891
- company_name: iHeartMedia, Inc.
- filed_at: 2021-07-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400891/000140089121000034/0001400891-21-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400891/000140089121000034/ihm-20210716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001400891-21-000034
- JSON: https://secwatch.observer/filing/0001400891-21-000034.json
- Plain text: https://secwatch.observer/filing/0001400891-21-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.