Wall Street umps stay neutral on iHeartMedia debt
For the second time during the month of September, iHeartMedia is moving to pay off upcoming maturities by replacing them with debt maturing a couple of years into the next decade. Two financial analysis firms said the latest $250M is not a game-changer.
The new offering comes atop an earlier $750M offering. They are aimed at closing out items that come due 2016 and moving the due date to 2022.