---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-075909"
form_type: "8-K"
ticker: "CCO"
cik: "0001334978"
company_name: "Clear Channel Outdoor Holdings, Inc."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:22:45.911934+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Clear Channel International B.V. closes $375M term loan, redeems $375M 6.625% notes due 2025

## Summary
- New $375M term loan: $300M fixed-rate at 7.5%; $75M floating at Term SOFR+2.25% (floor 5.25%).
- Loan matures April 1, 2027, no scheduled amortization; proceeds redeemed all outstanding 6.625% senior secured notes due 2025.
- JPMorgan Chase N.A. is administrative agent; parent Clear Channel Outdoor Holdings does not guarantee the facility.
- Refinancing extends debt maturity by ~2 years and replaces the existing secured notes with similar interest cost.
- Mandatory prepayment provisions included; change-of-control and asset-sale prepayments at par.

## SEC filing metadata
- accession: 0001193125-24-075909
- form_type: 8-K
- ticker: CCO
- cik: 0001334978
- company_name: Clear Channel Outdoor Holdings, Inc.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334978/000119312524075909/0001193125-24-075909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334978/000119312524075909/d809298d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-075909
- JSON: https://secwatch.observer/filing/0001193125-24-075909.json
- Plain text: https://secwatch.observer/filing/0001193125-24-075909.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000119312524075909/0001193125-24-075909-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1334978/000119312524075909/0001193125-24-075909-index.htm

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