iHeartMedia Enters Material Definitive Agreement

TL;DR

iHeartMedia just signed a big deal, expect financial news soon.

AI Summary

On December 20, 2024, iHeartMedia, Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The company also reported other events and filed financial statements and exhibits.

Why It Matters

This filing indicates a significant new financial commitment or obligation for iHeartMedia, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that may affect the company's performance.

Key Players & Entities

• iHeartMedia, Inc. (company) — Registrant
• December 20, 2024 (date) — Date of Earliest Event Reported

FAQ

Key Financial Figures

• $0.001 — stered Class A Common Stock, par value $0.001 per share IHRT Nasdaq Global Select
• $755.4 million — munications exchanged (i) approximately $755.4 million (or 94.4%) aggregate principal amount o
• $717.6 million — "2026 Secured Notes") for approximately $717.6 million aggregate principal amount of its new 9
• $37.6 m — and cash consideration of approximately $37.6 million, (ii) approximately $743.0 millio
• $743.0 million — ately $37.6 million, (ii) approximately $743.0 million (or 99.1%) aggregate principal amount o
• $661.3 million — "2027 Secured Notes") for approximately $661.3 million aggregate principal amount of its new 7
• $223.1 million — First Lien Notes"), (iii) approximately $223.1 million (or 44.6%) aggregate principal amount o
• $178.4 million — ecured Notes due 2028 for approximately $178.4 million aggregate principal amount of its new 7
• $844.0 million — "First Lien Notes"), (iv) approximately $844.0 million (or 92.1%) aggregate principal amount o
• $675.2 million — he "Unsecured Notes") for approximately $675.2 million aggregate principal amount of its new 1
• $2,258.7 million — the "New Notes") and (v) approximately $2,258.7 million (or 99.7%) aggregate principal amount o
• $2,145.7 million — Existing Term Loans") for approximately $2,145.7 million aggregate principal amount of its new s
• $112.9 million — and cash consideration of approximately $112.9 million pursuant to a term loan exchange agreem
• $50 million — hich such maturity date applies exceeds $50 million on such date. In connection with the

Filing Documents

• d854532d8k.htm (8-K) — 55KB
• d854532dex41.htm (EX-4.1) — 1645KB
• d854532dex45.htm (EX-4.5) — 1441KB
• d854532dex47.htm (EX-4.7) — 45KB
• d854532dex48.htm (EX-4.8) — 45KB
• d854532dex49.htm (EX-4.9) — 38KB
• d854532dex101.htm (EX-10.1) — 1239KB
• d854532dex102.htm (EX-10.2) — 1119KB
• d854532dex103.htm (EX-10.3) — 410KB
• d854532dex105.htm (EX-10.5) — 20KB
• d854532dex107.htm (EX-10.7) — 19KB
• d854532dex108.htm (EX-10.8) — 457KB
• d854532dex991.htm (EX-99.1) — 7KB
• 0001193125-24-283675.txt ( ) — 8066KB
• ihrt-20241220.xsd (EX-101.SCH) — 3KB
• ihrt-20241220_lab.xml (EX-101.LAB) — 17KB
• ihrt-20241220_pre.xml (EX-101.PRE) — 11KB
• d854532d8k_htm.xml (XML) — 3KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Indenture, dated as of December 20, 2024, among iHeartCommunications, the Guarantors and U.S. Bank, as trustee and collateral agent for each series of the First Lien Notes. 4.2 Form of 9.125% Senior Secured First Lien Notes due 2029 (incorporated by reference to Exhibit A-1 to Exhibit 4.1 filed herewith). 4.3 Form of 7.750% Senior Secured First Lien Notes due 2030 (incorporated by reference to Exhibit A-2 to Exhibit 4.1 filed herewith). 4.4 Form of 7.000% Senior Secured First Lien Notes due 2031 (incorporated by reference to Exhibit A-3 to Exhibit 4.1 filed herewith). 4.5 Indenture, dated as of December 20, 2024, among iHeartCommunications, the Guarantors and U.S. Bank, as trustee and collateral agent for the Second Lien Notes. 4.6 Form of 10.875% Senior Secured Second Lien Notes due 2029 (incorporated by reference to Exhibit A-1 to Exhibit 4.5 filed herewith). 4.7 Second Supplemental Indenture, dated as of December 20, 2024, among iHeartCommunications and U.S. Bank, as trustee and collateral agent, relating to the 2026 Secured Notes. 4.8 Second Supplemental Indenture, dated as of December 20, 2024, among iHeartCommunications and U.S. Bank, as trustee and collateral agent, relating to the 2027 Secured Notes. 4.9 Second Supplemental Indenture, dated as of December 20, 2024, among iHeartCommunications thereto and U.S. Bank, as trustee, relating to the Unsecured Notes. 10.1 Term Loan Exchange Agreement, dated as of December 20, 2024, by and among iHeartCommunications, IH Media + Entertainment I, LLC, the lenders party thereto, BofA, as the administrative agent and collateral agent under the existing credit agreement and BofA, as the administrative agent and collateral agent under the new credit agreement. 10.2 Credit Agreement, dated as of December 20, 2024, by and among iHeartCommunications, the Guarantors party thereto and BofA, as administr

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IHEARTMEDIA, INC. By: /s/ Scott D. Hamilton Name: Scott D. Hamilton Title: Senior Vice President, Chief Accounting Officer and Assistant Secretary Date: December 23, 2024

View Full Filing

View this 8-K filing on SEC EDGAR