Clear Channel Outdoor launches $2.05B note offering to refinance 2027/2028 secured notes

Clear Channel Outdoor Holdings, Inc.

Private offering of $2.05B aggregate principal in Senior Secured Notes due 2031 and 2033.
Net proceeds plus cash on hand to redeem all outstanding 5.125% notes due 2027 and 9.000% notes due 2028.
In Q2 2025, repurchased $95.7M of 7.750% Notes due 2028 for $85.4M and $134.1M of 7.500% Notes due 2029 for $118.0M.
Preliminary Q2 2025 results referenced in offering memorandum but specific figures not yet available.

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