LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2025

Long-term debt outstanding for the Company consisted of the following:


(In thousands)	June 30, 2025		December 31, 2024
Asset-based Revolving Credit Facility due 2027(1)	$	100,000	$	—
Term Loan Facility due 2026	5,095		5,095
Incremental Term Loan Facility due 2026	1,500		1,500
Term Loan Facility due 2029(2)	2,134,995		2,145,724
6.375% Senior Notes due 2026	44,644		44,644
5.25% Senior Notes due 2027	6,983		6,983
8.375% Senior Unsecured Notes due 2027	72,388		72,388
4.75% Senior Secured Notes due 2028	276,868		276,868
9.125% First Lien Notes due 2029	717,588		717,588
7.75% First Lien Notes due 2030	661,285		661,285
7.00% First Lien Notes due 2031	178,443		178,443
10.875% Second Lien Notes due 2030	675,165		675,165
Other secured subsidiary debt	4,371		5,008
Long-term debt fees	(8,109)		(8,974)
Debt Premium(3)	266,302		289,752
Total Debt	5,137,518		5,071,469
Less: Current portion	73,726		22,501
Total long-term debt	$	5,063,792	$	5,048,968

(1)On May 22, 2025, iHeartCommunications borrowed $100.0 million under the ABL Facility, the proceeds of which were recorded as cash on the Balance Sheet as of June 30, 2025.

(2)Quarterly amortization payments of $5.4 million (equal to 0.25% of the original principal amount) are required per the terms of the Term Loan Facility due 2029.

(3)The difference between the carrying value of the exchanged 5.25% Senior Notes, 4.75% Senior Secured Notes, and 8.375% Senior Unsecured Notes and the principal amount of the 7.75% First Lien Notes due 2030, 7.00% First Lien Notes due 2031 and 10.875% Second Lien Notes due 2030 was recorded as debt premium and will be reduced as contractual interest payments are made.