Iheartmedia, inc. announces completion of voluntary $250 million prepayment of term loan facilities and successful repricing of incremental term loan

New york--(business wire)--iheartmedia, inc. (nasdaq: ihrt) (“iheartmedia”) announced today that its indirect, wholly-owned subsidiary, iheartcommunications, inc., has successfully completed the previously announced voluntary prepayment of a portion of both its $2,070 million term loan and its $446 million incremental term loan, utilizing cash on hand, while concurrently repricing the incremental term loan at a new rate of libor + 3.25%. the prepayment was applied to the term loan and the incre
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