Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Clear Channel Outdoor Holdings, Inc. incurred term loan of $375.0 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at (1) at a fixed rate of 7.5% per annum for the Fixed Rate Term Loan Tranche and ( maturing April 1, 2027.
- Instrument
- term loan
- Principal
- $375.0 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
- Rate
- (1) at a fixed rate of 7.5% per annum for the Fixed Rate Term Loan Tranche and (
- Maturity
- April 1, 2027
- Event
- incurrence
Exact text from the filing
incurred thereunder, the “Term Loans”). Size and Availability The CCIBV Term Loan Facility is comprised of two tranches of Term Loans totaling an aggregate principal amount of $375.0 million: (1) a “fixed rate” tranche of Term Loans in an aggregate principal amount of $300.0 million (the “Fixed Rate Term Loan Tranche”); and (2) a “floating rate” tranche of Term Loans
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Clear Channel Outdoor Holdings, Inc. entered into CCIBV Credit Agreement with JPMorgan Chase Bank, N.A. valued at $375.0 million (effective 2024-03-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $375.0 million
- Effective
- 2024-03-22
Exact text from the filing
On March 22, 2024 (the “Closing Date”), Clear Channel International B.V., a Dutch private company with limited liability (“CCIBV”), an indirect, wholly owned subsidiary of Clear Channel Outdoor Holdings, Inc. (the “Company”) entered into a credit agreement (the “CCIBV Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (in such capacities, the “Agent”), and J.P. Morgan SE, as lead arranger and bookrunner.
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