Clear Channel Outdoor prices $865M 7.875% notes due 2030; plans refinancing of $375M notes due 2025

Clear Channel Outdoor Holdings, Inc.

Priced $865M aggregate principal of 7.875% Senior Secured Notes due 2030; closing expected March 18, 2024.
Proceeds to repay portion of existing term loan B (due 2026) and pay fees; amendment extends term loan maturity to 2028.
Expects to refinance $375M 6.625% senior secured notes due 2025 (CCIBV) into term loan due 2027.
CCIBV refinancing subject to market conditions; no assurance given. Notes and amendments contingent on customary conditions.

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