iHeart Debt Doesn’t Worry Analyst


Not only did COO Richard Bressler and Senior VP and Treasurer Brian Coleman sound confident iHeart would be able to tackle its debt issue, CRT Capital Group analyst Lance Vitanza did as well. Vitanza, who covers the company, told the San Antonio Express-News that iHeart’s numbers showed real strength. “They were much better than I expected. I was pleased with the progress from the operating and liquidity standpoint.” Vitanza said the company should not have trouble meeting its debt obligations. Coleman said we expect to comply with our debt facilities and we expect the lenders under the credit facility to honor their obligations.


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