debt
confidence high
sentiment neutral
materiality 0.50
Clear Channel Outdoor announces $500M private offering of Senior Secured Notes due 2028
Clear Channel Outdoor Holdings, Inc.
- Offering $500M aggregate principal amount of Senior Secured Notes due 2028 in a private placement.
- Notes guaranteed by certain wholly-owned domestic subsidiaries on a senior secured basis.
- Net proceeds to prepay a portion of borrowings under existing senior secured term loan facility.
- Offered only to qualified institutional buyers under Rule 144A and Regulation S.
- Notes not registered under Securities Act; cannot be offered or sold in US without exemption.