Home Music Industry News WHAT? iHeartmedia (formerly Clear Channel) Almost Empties Credit Line, Borrows $1.6 Billion

WHAT? iHeartmedia (formerly Clear Channel) Almost Empties Credit Line, Borrows $1.6 Billion

borrowed the approximately $1.6 billion left from a previous $2 billion line of revolving credit this revealed the latest borrowing in a Monday filing with the U.S. Securities . The corporation borrowed the its flow with continuing uncertainty in credit markets and economic conditions,” the filing stated.