v3.26.1
LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Outstanding
Long-term debt outstanding for the Company consisted of the following:
(In thousands)June 30, 2026December 31, 2025
Asset-based Revolving Credit Facility due 2027(1)
$125,000 $50,000 
Term Loan Facility due 2026(2)
— 5,095 
Incremental Term Loan Facility due 2026(2)
— 1,500 
Term Loan Facility due 2029(3)
2,113,538 2,124,267 
6.375% Senior Notes due 2026(2)
— 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 debt4,810 3,934 
Long-term debt fees(6,306)(7,220)
Debt Premium(4)
217,257 242,151 
Total Debt5,043,019 5,053,091 
Less: Current portion95,825 73,429 
Total long-term debt$4,947,194 $4,979,662 
(1)During the six months ended June 30, 2026, iHeartCommunications borrowed $75.0 million under the ABL Facility. As of June 30, 2026, the ABL Facility had a borrowing base of $432.9 million, $125.0 million outstanding borrowings and $25.2 million of outstanding letters of credit, resulting in $282.7 million of borrowing base availability.
(2)On May 1, 2026, we repaid $51.2 million of outstanding debt, including repayments of the Term Loan Facility due 2026 for $5.1 million, the Incremental Term Loan Facility due 2026 for $1.5 million and the 6.375% Senior Notes due 2026 for $44.6 million.
(3)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.
(4)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.