{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-070153","form_type":"8-K","ticker":"CCO","cik":"0001334978","company_name":"Clear Channel Outdoor Holdings, Inc.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.860622+00:00","generated_at":"2026-06-04T14:42:56.235034+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Clear Channel Outdoor issues $865M 7.875% senior secured notes due 2030, extends term loan maturity","bullets":["Issued $865M aggregate principal of 7.875% Senior Secured Notes due April 1, 2030; interest payable semi-annually starting Oct 1, 2024.","Credit agreement amendment extends Term Loan Facility maturity to August 23, 2028 (subject to earlier maturity if certain notes outstanding).","Applicable rate on term loans increased by 50 bps; 1% prepayment penalty for repricing events within six months.","Net proceeds used to prepay $835M of existing Term B Loans and pay fees; $425M of new 2024 Refinancing Term Loans established.","Notes are senior secured, rank pari passu with existing senior secured debt, and guaranteed by subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-070153","json":"https://secwatch.observer/filing/0001193125-24-070153.json","markdown":"https://secwatch.observer/filing/0001193125-24-070153.md","text":"https://secwatch.observer/filing/0001193125-24-070153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1334978/000119312524070153/0001193125-24-070153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1334978/000119312524070153/d777525d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T14:42:56.235034+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5a65c1a44173148ac2d682cbe87caf19046aa311","claim":"Clear Channel Outdoor Holdings, Inc. incurred senior notes of $865.0 million with U.S. Bank Trust Company, National Association, as trustee at 7.875% per annum maturing April 1, 2030.","evidence_excerpt":"On March 18, 2024, Clear Channel Outdoor Holdings, Inc. (the “Company”) completed the sale of $865.0 million in aggregate principal amount of 7.875% Senior Secured Notes due 2030 (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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1334978/000119312524070153/0001193125-24-070153-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$865.0 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"7.875% per annum"},{"label":"Maturity","value":"April 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9db31de54bbb7a8706f406ebb22579db2b763a04","claim":"Clear Channel Outdoor Holdings, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $865.0 million (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, Clear Channel Outdoor Holdings, Inc. (the “Company”) completed the sale of $865.0 million in aggregate principal amount of 7.875% Senior Secured Notes due 2030 (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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1334978/000119312524070153/0001193125-24-070153-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$865.0 million"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}