IHeartMedia Pre-Pays $250 Million of Term Loan Facilities.īarnabas Broadcasting has not issued a public statement about the change and it’s unclear what the reason was for the change. The company announces that its indirect, wholly-owned subsidiary, iHeartCommunications, Inc., is voluntarily prepaying a portion of both its $2.075 million Term Loan and its $447 million Incremental Term Loan, utilizing cash on hand, while concurrently repricing the Incremental Term Loan. iHeartMedia chairman and CEO Bob Pittman says, “We are pleased to announce that we will voluntarily pay down $250 million of our Term Loan facilities, demonstrating the encouraging momentum we are seeing across all of our businesses.
#QUINN AND ROSE WARROOM FREE#
#Jim quinn warroom radio freeĪt iHeart, we are committed to deleveraging and strengthening our balance sheet, reducing interest expense and further increasing our free cash flow while still maintaining ample liquidity. We continue to evaluate all possible opportunities to reduce our cost of capital, and we have taken advantage of the current favorable market conditions to reprice our Incremental Term Loan as well.” The prepayment, which will be applied to the two Term Loan facilities on a pro-rata basis, and the repricing, are each expected to close in mid-July, subject to customary closing conditions.īill O’Reilly Programs Hit 250-Station Threshold.
The Key Networks nationally syndicated programs featuring Bill O’Reilly hit the 250-station mark in just over two years with the addition of news affiliates including: WRNN-FM, Myrtle Beach WDAY-AM, Fargo KLJY-HD3, St. Louis KDXE-FM, Little Rock and WBOB-AM, Jacksonville.
O’Reilly comments, “We are very pleased with our expanding radio lineup. In this time of political and societal chaos, ‘The O’Reilly Update’ brings clarity and honest reporting. We also have fun with the ‘something you might not know’ segment.
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