Loan Prepayment Boosts iHeart On Wall Street


Seventeen days ago, the nation’s No. 1 audio media company by number of radio stations announced it would prepay $250 million in term loan facilities while repricing its incremental term loan.

The announcement was icing on the cake for IHRT shareholders who have enjoyed an incredible rebound from COVID-19-influenced lows seen in March and April of 2020.

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