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

iHeartmedia (formerly Clear ) borrowed the approximately $1.6 left from a previous $2 revolving credit this revealed the latest borrowing in a Monday morning filing the U.S. Securities Exchange Commission. The corporation borrowed the its flow with continuing uncertainty in credit markets and economic conditions,” the filing stated.



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