secwatch.observer — SEC 8-K summary
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Issuer:     Clear Channel Outdoor Holdings, Inc. (CCO)
CIK:        0001334978
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001193125-23-217979
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334978/000119312523217979/0001193125-23-217979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334978/000119312523217979/d546913d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-217979

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