Upsized And Exclusive: A Bigger iHeart Private Note Offering


On Thursday (8/1), iHeartMedia announced that its “iHeartCommunications” subsidiary will offer $500 million aggregate principal amount of Senior Secured Notes due 2027.

There was chatter among some industry observers that this private offering would be oversubscribed — a good thing for a company looking for some cash.

That’s exactly what happened … and quickly.

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