iHeartMedia Bonds Rally on Reported Licensing Talks with Netflix

IHeartMedia bonds are among Tuesday morning’s biggest high-yield gainers as Bloomberg News reported the firm is in video-podcast licensing talks with Netflix.

• Its 10.875% note due 2030 rose 4.5 cents to 75.5 cents on the dollar, according to Trace data as of 9am in New York
• IHeart’s 9.125% bond due 2029 gained 3 cents to 93.5 cents, hitting a record high
• READ: IHeartCommunications HY Bond Trading Surges; May 2029 Bond

To contact the reporter on this story:
Rene Ismail in New York at rismail31@bloomberg.net

To contact the editors responsible for this story:
Danielle Moran at dmoran21@bloomberg.net

Kevin Kingsbury

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