Investor Presentaiton
$USD in millions
Debt
March 31,
2022
December 31,
2021
Maturity
iHeartCommunications, Inc.
Cash and cash equivalents
$
279.7
$
352.1
Term Loan Facility due 2026
2026
1,864.0
1,864.0
Incremental Term Loan Facility due
2026
2026
401.2
401.2
Asset-based Revolving Credit
Facility
2023
6.375% Senior Secured Notes
2026
800.0
800.0
5.25% Senior Secured Notes
2027
750.0
750.0
4.75% Senior Secured Notes
2028
500.0
500.0
Other Secured Subsidiary Debt
5.2
5.4
Total Secured Debt
4,320.4
4,320.6
8.375% Senior Unsecured Notes
2027
1,450.0
1,450.0
Other Subsidiary Debt
0.1
0.1
Purchase accounting adjustments
and original issue discount
(12.7)
(13.5)
Long-term debt fees
(17.6)
(18.4)
Total Debt
$
5,740.1 $
5,738.9
Net Debt
$
5,460.5 $
5,386.7
Weighted Average Cost of Debt
5.5 %
5.4 %
1. As of March 31, 2022, the ABL Facility had a borrowing base of $443.6 million, no principal amounts outstanding and $26.9 million of outstanding letters of credit, resulting in $416.7
million of excess availability.
20
Figures may not foot due to rounding.
¡Heart
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