Clear Channel Outdoor prices $750M 9% senior secured notes due 2028, upsized from $500M

Clear Channel Outdoor Holdings, Inc.

Offering upsized by $250M from previously announced $500M; $750M total at 9.000% coupon.
Notes mature 2028; expected closing August 22, 2023 subject to customary conditions.
Proceeds to prepay term loan borrowings, pay transaction fees, and for general corporate purposes.
Notes secured on first-priority basis by assets securing existing credit facilities and second-priority on receivables.

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