Brief: Clear Channel Outdoor Holdings Announces Proposed Private Offering Of Senior Secured Notes

Clear Channel Outdoor Holdings

26/02/2024 12:26

Feb 26 (Reuters) - Clear Channel Outdoor Holdings Inc
 CCO.N :
    * CLEAR CHANNEL OUTDOOR HOLDINGS, INC. ANNOUNCES PROPOSED
PRIVATE
OFFERING OF SENIOR SECURED NOTES
    * CLEAR CHANNEL OUTDOOR HOLDINGS - WILL OFFER, SUBJECT TO
MARKET
AND CUSTOMARY CONDITIONS, $865 MILLION PRINCIPAL AMOUNT OF
SENIOR SECURED NOTES DUE 2030
    * CLEAR CHANNEL OUTDOOR-INTENDS TO USE PROCEEDS FROM NOTES
TO
PREPAY PORTION OF BORROWINGS OUTSTANDING UNDER EXISTING SENIOR
SECURED TERM LOAN FACILITY
    * CLEAR CHANNEL OUTDOOR HOLDINGS INC - INTENDS TO USE
PROCEEDS
FROM NOTES TO PAY RELATED TRANSACTION FEES AND EXPENSES

Source text for Eikon:  ID:nPn5HBG1Ga 
Further company coverage:  CCO.N 

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