New York, February 20, 2015 -- Moody's says iHeartCommunications, Inc.'s (iHeart) upsize of its $550 million Priority Guarantee Notes (PGN) maturing in 2023 to $950 million will not impact the Caa2 corporate family rating or the Caa1 PGN rating. The outlook remains stable. The proceeds from the upsize will be used to redeem the remaining outstanding balance of the term loan B & C that mature in January 2016 and are the last significant outstanding debt of its 2016 maturity wall.
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