Company Overview of iHeartCommunications, Inc.
iHeartCommunications, Inc., a diversified media and entertainment company, offers radio, digital, out-of-home, mobile, and on-demand entertainment and information services. The company operates in three segments: Media and Entertainment, Americas Outdoor Advertising, and International Outdoor Advertising. The Media and Entertainment segment provides radio broadcasting, online and mobile services and products, program syndication, entertainment, traffic data distribution, and music research services. Its portfolio of stations offers various programming formats, including adult contemporary, country, contemporary hit radio, rock, news/talk, sports, urban, oldies, and others. As of December 31,...
200 East Basse Road
San Antonio, TX 78209
Key Executives for iHeartCommunications, Inc.
Chairman and Chief Executive Officer
Chairman of Clear Channel Media & Entertainment and Chief Executive Officer
Interim Chief Executive of Clear Channel's Adshel Joint Venture - Australia and New Zealand
Chief Executive Officer of Clear Channel Outdoor Holdings Inc.
Compensation as of Fiscal Year 2014.
iHeartCommunications, Inc. Key Developments
iHeartCommunications, Inc. Announces Closing of Offering of 9.0% Priority Guarantee Notes Due 2022
Sep 29 14
iHeartCommunications, Inc. announced the closing of its previously announced offering of $250.0 million aggregate principal amount of its 9.0% Priority Guarantee Notes due 2022. The Notes were issued at a price of 101% of their principal amount plus accrued interest from September 10, 2014. The Notes have identical terms to, and are treated as a single class with, the $750.0 million in aggregate principal amount of 9.0% Priority Guarantee Notes due 2022 issued on September 10, 2014. iHeart used the net proceeds from the offering to prepay at par $245.9 million of the loans outstanding under its term loan B facility and $4.1 million of the loans outstanding under its term loan C- asset sale facility, and to pay accrued and unpaid interest with regard to such loans to, but not including, the date of prepayment.
iHeartCommunications, Inc. Announces Private Offering of $250.0 Million Additional Priority Guarantee Notes Due 2022
Sep 22 14
iHeartCommunications, Inc. announced that it intends to offer $250.0 million in aggregate principal amount of Priority Guarantee Notes due 2022 in a private offering that is exempt from registration under the Securities Act of 1933, as amended. The New Notes will be issued as 'additional notes' under the indenture governing iHeart's outstanding Priority Guarantee Notes due 2022 that were issued on September 10, 2014. The New Notes will be fully and unconditionally guaranteed on a senior secured basis by iHeart's parent, iHeartMedia Capital I, LLC, and all of iHeart's existing and future material wholly-owned domestic restricted subsidiaries. iHeart intends to use the net proceeds from this offering to prepay at par $243.5 million aggregate amount of its term loan B facility and $4.0 million aggregate amount of its term loan C- asset sale facility, and to pay accrued and unpaid interest with regard to such loans to, but not including, the date of prepayment.
Clear Channel Communications, Inc. has Changed its Name to iHeartCommunications, Inc
Sep 16 14
On September 16, 2014, Clear Channel Communications, Inc. changed its name to iHeartCommunications, Inc.
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