Wall Street umps stay neutral on iHeartMedia debt

By on Sep, 23 2014 with Comments 0

iHeartMediaFor 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.

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