debt
confidence high
sentiment neutral
materiality 0.65
Clear Channel Outdoor prices $1.15B 7.125% notes due 2031 and $900M 7.500% notes due 2033
Clear Channel Outdoor Holdings, Inc.
- Pricing of $1.150B 7.125% Senior Secured Notes due 2031 and $900M 7.500% Senior Secured Notes due 2033.
- Issuance expected to close August 4, 2025, subject to customary closing conditions.
- Net proceeds, together with cash on hand, to redeem all outstanding 5.125% Notes due 2027 and 9.000% Notes due 2028.
- Notes are secured by first-priority liens on most assets and second-priority on receivables; guaranteed by domestic subsidiaries.