Clear Channel Outdoor Holdings Aktie
WKN: A0F57N / ISIN: US18451C1099
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22.09.2014 20:25:00
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iHeartCommunications, Inc. -- Moody's says iHeart's $250 million of additional PGNs will not impact the ratings
New York, September 22, 2014 -- Moody's Investors Service said the $250 million of additional PGNs due 2022 from iHeartCommunications, Inc (iHeart) will not impact the Caa1 rating of the PGN or the Caa2 corporate family rating. The additional PGNs will be issued under the same indenture as the PGNs due 2022 that were completed earlier this month. The use of proceeds is to repay approximately $248 million of term loan B & C's that mature in January 2016, pay accrued interest and expenses related to the transaction.
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