---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-217979"
form_type: "8-K"
ticker: "CCO"
cik: "0001334978"
company_name: "Clear Channel Outdoor Holdings, Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:28:55.525754+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CCO issues $750M of 9.000% senior secured notes due 2028 in private placement

## Summary
- $750M aggregate principal of 9.000% Senior Secured Notes due September 15, 2028 issued on August 22, 2023.
- Interest payable semi-annually on March 15 and September 15, starting March 15, 2024.
- Notes are senior secured, rank pari passu with existing senior secured debt including 5.125% notes due 2027 and 7.750%/7.500% senior notes.
- Company may redeem starting Sept 15, 2025 at specified prices; prior to that, make-whole redemption available.
- Proceeds for general corporate purposes; covenants restrict debt incurrence, dividends, investments, and asset sales.

## SEC filing metadata
- accession: 0001193125-23-217979
- form_type: 8-K
- ticker: CCO
- cik: 0001334978
- company_name: Clear Channel Outdoor Holdings, Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334978/000119312523217979/0001193125-23-217979-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334978/000119312523217979/d546913d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-217979
- JSON: https://secwatch.observer/filing/0001193125-23-217979.json
- Plain text: https://secwatch.observer/filing/0001193125-23-217979.txt

## Key facts
- Material Agreements
  Clear Channel Outdoor Holdings, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $750 million (effective 2023-08-22).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $750 million
  - Effective: 2023-08-22
  source text: On August 22, 2023, Clear Channel Outdoor Holdings, Inc. (the “Company”) completed the sale of $750 million in aggregate principal amount of 9.000% Senior Secured Notes due 2028 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States in compliance with Regulation S under the Securities Act. The Notes were issued pursuant to an indenture, dated as of August 22, 2023 (the “Indenture”), among the Company, the subsidiaries of the Company acting as guarantors party thereto (collectively, the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee and as collateral agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000119312523217979/0001193125-23-217979-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.