Big First Quarter Interest Payments For iHeart


CFO Rich Bressler (pictured) and Senior Vice President and Treasurer Brian Coleman reported to investors that iHeartMedia’s total debt remains at $20.7 billion. That’s basically the same as the final debt total at the end of 2015. The company has $979 million on hand and the largest use of cash in Q1 was interest on the company’s debt. iHeartMedia paid $549 million in interest. In 2016, iHeart has $197 million in upcoming debt maturities, $238 million in 2017, and $939 million in 2018. Bressler and Coleman said the first and third quarters are when the company has to make higher interest payments.


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