Clear Channel Outdoor to sell Spain business to Atresmedia for ~$135M; completes European divestiture

Clear Channel Outdoor Holdings, Inc.

Purchase price EUR 115M (~$135M) subject to customary adjustments; buyer is Atresmedia Corporación de Medios.
Expected close by early 2026 pending regulatory approval; net proceeds to reduce outstanding debt.
CEO Scott Wells says sale marks final step in divesting European and Latin American businesses to focus on America and Airports segments.
Company to hedge anticipated proceeds against foreign currency fluctuations during the interim period.
Moelis & Co. and Deutsche Bank Securities served as financial advisors on the transaction.

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